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XLV

Setting up for Success | ETFsector.com Daily Trading Outlook, June 4, 2024

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Equities finished Tuesday trading mixed with the Nasdaq adding 0.56% and the S&P 500 following up 0.11% while the Dow gave up -0.30%.  A somewhat soft ISM was seen as a catalyst for the mixed results with 10yr yields continuing to move lower in the near-term and Crude Oil down on the day. 

Setting up for Success | ETFsector.com Daily Trading Outlook, June 4, 2024 Read More »

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XLV Healthcare SPDR June Outlook—Looking for some tactical mean-reversion performance after a brutal 15-months for the sector

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The XLV has continued to deteriorate and has been a large underweight in our process since the bull market started in early 2023.  However, our work also suggests that oversold defensive shares can be a good tactical add to a portfolio and that’s what XLV shares are this month.   Our Elev8 Sector Model debuts with an OVERWEIGHT position in XLV of + 1.02%

XLV Healthcare SPDR June Outlook—Looking for some tactical mean-reversion performance after a brutal 15-months for the sector Read More »

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