Girding for That Supreme Court Ruling
The healthcare sector could be in for some turmoil this week as the Supreme Court prepares to hand down rulings on the Obama administration's healthcare reform law. The ruling should force traders to reassess the winners and the losers in the group, and it has to potential to create a seismic shift as fundamental changes wash over the sector.
Ahead of the ruling, healthcare stocks have acted well have shown some surprising resiliency. As a whole, the sector -- via the Health Care Select Sector SPDR Fund (XLV) -- is trending higher and continues to show strong relative strength vs. the S&P 500. We're cautious ahead of the ruling, since a change that's viewed as unfavorable toward the group could radically alter the technical picture, and bullish support could quickly erode....465 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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