Trade Alert For July 2nd, 2014 – Health Care Falters

We put our Health Care trades in early March (here and here). The exit window for these trades opened in June and we have been following the chart action since to look for a favorably exit. The close on July 1st provided such an exit for two of our trades. We held these trades for 83 calendar days.

  • Close out IHE at or near 137.20 for a 2.2% gain
  • Exit RXL at or near 100.92 for a 5.0% gain

Health Care had been doing quite well since November 2012. This year it struggled in mid-April but then got another wind in mid-May. We still have some trades open for this sector.

ETF Entry Date Entry July 1st Close Paper Ret
XLV 04-Mar-14 60.12 61.85 2.5%
FXH 04-Mar-14 53.40 54.13 1.4%
IHF 17-Mar-14 95.77 103.53 8.1%

The exit window is open for these trades. We will send out alert when exit signals are generated.

IHE_140701 RXL_140701