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Many questions seem to surround the new health care system in the United States. Is Obama Care causing these stocks to be so strong? The answer to that question is above my pay grade! One thing that is not in question is the quality performance of Health Care ETF XLV. Over the past year this ETF has nearly doubled the performance of the S&P 500.
Can XLV keep up this healthy performance? The near vertical rally in this ETF has it facing a couple of very steep rising resistance lines at (1) in the chart above. Keep an eye on this very strong ETF to see if it gives any clues to the health of the broad market going forward.