Dentistry for chickens…

0226spx

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864

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.

0226xlu

 

http://stockcharts.com/h-sc/ui?s=XLU&p=D&yr=0&mn=9&dy=0&id=p76416546251&a=338296976

Clear breakout with good base.  What’s not to like?

0226xlv

 

http://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn=9&dy=0&id=p82498140119&a=338297337

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.

Next PostRead more articles

This Post Has One Comment

  1. thoughtslinger

    As of 1 pm ET today Friday Feb 28, it seems as if some capon exodontia has been performed. Possibly looking at a power bar. Are we adding to our position today, most sagacious guru?

Leave a Reply