Health Care Working

02/06/2009 9:39 am EST


Thomas Aspray

, Professional Trader & Analyst


The health care sector has been viewed as a safe haven during bear markets, having bottomed in 2000 when the Nasdaq topped. This daily chart shows a strong uptrend from the November lows, and XLV is now close to resistance in the $27.50 area. Further resistance lies in the $30 area, with support at $25.