Cardinal Health

  • CAH

  • $123.42

  • +2.56%

  • $120.10

  • $123.51

  • $119.40

Ticker Appearances

Fri, November 1, 2024 | 12:45PM ET

⚡ FlashInsights

Fri, November 1, 2024 | 12:45PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Don't look now, but Healthcare has started to show some early signals that it could begin an end of year mean reversion rally. These types of mean reversion trades are common in November into the following February. Thus, while HC trend is negative, it's showing signs that it can snap back. MY technical ranking on Healthcare is neutral but believe this will rally in November and could outperform. I'll discuss more tonight. Notable outperformers today are A 2.71% , ABT 1.15%  CAH 2.56% , IDXX -0.01%  Lots of good strength across various sub-sectors. Following severe underperformance, today's broad-based sector strength within Healthcare is a plus, and XLV 0.87%  is breaking out of the minor downtrend of the past month.
Tickers
Fri, November 1, 2024 | 11:47AM ET

⚡ FlashInsights

Fri, November 1, 2024 | 11:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
The US Equity rally has been fairly broad-based today, with more than 2.5/1 Advancing issues over declining, despite AAPL's mediocre report. Technology overall is higher by +1.5% and Healthcare is also showing sharp gains, leading all sectors, up by +1.71% with good gains out of CAH 2.56%  A 2.71% , ABT 1.15% , HOLX 0.87%  and MDT 0.75% . SPX move, as can be seen, held the lower 2% Standard deviation Bollinger Band, and any gains back above this past Tuesday's lows near 5813, would spur on a push back to new highs. I feel that is likely into Election before any November volatility.
Tickers
Tue, January 9, 2024 | 12:52PM ET

⚡ FlashInsights

Tue, January 9, 2024 | 12:52PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Just post Europe's close we've seen Equities start to claw back from early losses, Nasdaq has just taken out yesterday's highs while S&P is down just fractionally, as March S&P Futures have gained about 20 points from intra-day lows Yields have trended down slightly in the last 30 min and both Technology and Healthcare are positive on the day- But yet still 1%+ losses out of Energy and Materials, and 9 of 11 sectors are still down on the session. US Dollar is fractionally positive, Crude is up along with sharp gains in Natural Gas- Most metals, both precious and base metals are lower- 4764 will be important for SPX and above should allow for a quick move back up into 4793 and over- Today's leaders as of mid-day areJNPR 0.93% ,ILMN 4.03% CTLT 1.12% RVTYMTCH 3.26%  while on the downside,HPE 3.26% ,ES 1.85% CAH 2.56% CHTR -1.36%  andMRNA 3.79% - Ability to regain yesterday's highs in SPX, DJIA and NASDAQ should be beneficial towards further gains into the close

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