Outperformance of BioTech ($XBI) Within Outperforming Healthcare Sector ($XLV)

Outperformance of BioTech ($XBI) Within Outperforming Healthcare Sector ($XLV)

12

July 2022

By

Alex Cole

$XBI (Biotech ETF) looks strong within the healthcare sector.

We have seen in recent months the outperformance of the healthcare sector relative to the S&P 500 and so it would behoove us to look deeper for outperformance within that sector.  This GoNoGo chart shows that biotech is in a new "Go" trend making higher highs and higher lows relative to $XLV.  We will look for Go Trend Continuation Icons (green circles) to give investors opportunities to participate.