XLV trade ideas
Iron Fly on XLV: HealthcareTook a Position here on XLV with an IRON FLY.
-2 XLV 16 Dec 16 62/67/67/72 Put/Put/Call/Call @ 3.13
Credit: 3.13 ($626)
Risk: 1.87 ($374)
Target: ~2.33 ($160)
Break evens are in green.
XLV Hillary electionExpectations for U.S. presidential elections as Hillary seens to make bad deals for healthcare sector
08.16.16 XLV SHORTMSZ w/ WSZ nested within and DSZ just created with the break of the ascending DTL. Expecting price to work back down to tested WDZ.
Failure test in XLVwe will see how trade will go. Respect the stop level. Market is overextended in my opinion and this trade works best in this conditions.
Too much green color XLVIf you look in the history of this chart you can see that after such a run alwas decline followed. Setup can be modified today if candel will be even higher, so you can enter into trade even beter risk reword.
Brakeout, Triangles, DescendingI don't think that some comment is necessary. Market is very unstable. FOMC was desapoint traders.
Healthcare,biotech, pharmaceuticals stocks looking AttractiveMoney flow is at the lowest point of 2016 attract
Healthcare weak but bounce to 72 likely Bounce to 72 to fill gap . no confirmation for direction yet but downside i believe immenant with so many sectors week and bear market looking more likely.
MACRO VIEW: XLV LOOKING GOOD, TESTING 5-YEAR UPTRENDHealth Care SPDR ETF is looking good on long term basis, testing its 5-year uptrend
On long term basis - XLV is trading firmly in 10 year uptrend (above 1st upper standard deviation from 10-year mean), but due to the recent August selloff the price is now testing its 5-year uptrend. If the price holds above the fist upper standard deviation from 5-year mean, the test will be passed, and the price will likely trend upwards from there.
On short term basis - XLF shows no particular trend, it is trading within 1st standard deviations from both 1-year and quarterly means. It is a positive moment, as nothing on the short term stands in the way of long term trends.
XLV ShortYou can thank that little price hiking hedge fund manager and people like Bill Ackman for the Healthcare/Pharmaceutical correction. Looking at the weekly using Fibs as reference points i believe healthcare over the next few months will begin to sell. I have a target of the 1.618 extension of 59.76 and a second target of 53.31. I'm using XLV to short because everything else is too expensive... you can play this through ITM puts or buy a longterm out of the money put at a 62 or 60 strike for next year.
Feel free to leave comments or questions.
-Ryanhasoptions.
