Chicken dentistry ranks among the most difficult of the medical arts. If the chicken is not hard to catch in the first place (being often in a hot sweat panic about the sky) he is, in the second place not possessed of any teeth to pull. A conundrum not unlike our present market which we have compared to pulling chickens’ teeth. Each time the SPX threatens to make a definitive new high the chicken hawks knock it down. BUT … there is a new high for our purposes, made two days ago, preserving the higher highs higher lows pattern. Of course it would be a pain in the teeth (ours, not the chickens’) if we had a downwave here but the theoretical niceties are at least in line. What we are waiting for now is confirmation.
While we wait there are a couple of sector ETFs worth investment: XLU and XLV. Utilities and healthcare.
Clear breakout with good base. What’s not to like?
Being as the healthcare industry has a monopoly and a license to rape pillage and plunder worth looking at. Always a good bet to back pillage and plunder. And hope that the brigands reap their just karma in the next world.