"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

September 27, 2015

One thing I won't do

The one thing I won't do in the next few weeks is buy healthcare stocks.


This classic head and shoulders top pattern in healthcare providers stands out.  For whatever reason, last week healthcare became the new weakest group.  (Obviously the drug cost debate stands out, and costs are massively excessive across the entire industry).  Health care is also likely over-owned as it's been the best sector for years.

Nothing is guaranteed in markets, but i'm wary at best of this group and sector.

Trade 'em well!

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All ideas shown on this blog represent the authors opinion based on the data available.