Health Care Starting to Bottom?

Published on
April 30th, 2019
Topic
Momentum, Health Care, Politics, Trading, Technical Analysis
Duration
8 minutes
Asset class
Equities

Health Care Starting to Bottom?

Trade Ideas ·
Featuring Mark Newton

Published on: April 30th, 2019 • Duration: 8 minutes • Asset Class: Equities • Topic: Momentum, Health Care, Politics, Trading, Technical Analysis

Mark Newton, CMT, founder of Newton Advisors, returns to Real Vision to break down his technical view on the health care sector. He analyzes the momentum and relative strength, and discusses how to make the play, in this interview with Jake Merl. Filmed on April 29, 2019.

Comments

Transcript

  • JO
    Johnny O.
    6 May 2019 @ 15:39
    Already weak sector, in an overall market looking for some sort of correction, and vulnerable to nutty political proposals from multiple candidates. There must be stronger long plays. "Counter-trend" indeed.
  • SS
    Sam S.
    30 April 2019 @ 19:48
    I would never buy based on what Biden or any political event may or may not happen.
    • BF
      Brad F.
      1 May 2019 @ 22:47
      The market will price in some probability of him winning so if he emerges as a strong candidate it at least skews the probability to the upside and that’s enough for a nice swing trade. I wouldn’t ever bet on a politician following through though!
    • AA
      Ahmed A.
      4 May 2019 @ 18:45
      Nor would I. That being said many of the pharma stocks do look poised for technical breakouts. ABBV for example has been in a falling wedge since Jan 2019 and is nearly back to retesting $74.73 breakout it made in 2017. PFE, MRK, GSK, LLY look good as well.
  • DP
    David P.
    30 April 2019 @ 15:59
    Good perspective on a major underperforming sector..