Invesco S&P 500 Equal Weight Health Care ETF

  • RSPH

  • $29.60

  • +1.23%

  • $29.32

  • $29.71

  • $29.22

Ticker Appearances

Wed, August 28, 2024 | 11:32AM ET

⚡ FlashInsights

Wed, August 28, 2024 | 11:32AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
I'll take a brief break from discussing NVDA to mention that Equal-weighted Healthcare is on the verge of breaking back out to new all-time highs, something that XLV accomplished last month. Indeed, the top 5 performers today within SPX are all Healthcare related: PODD 3.68% , BIO 1.41% , BMY -0.14% , GILD -0.61% , and VRTX 0.33% . This sector has grown in appeal over the last couple months after a lackluster 1H 2024 and we've begun to see some very attractive basing patterns in XBI, IBB along with XHS and IHI that make this sector one to expect continued outperformance at a time when many remain solely focused on Technology. Given that Healthcare is the 2nd highest weighted Sector within SPX behind Technology, seeing strength in this sector is very constructive for the broader market and provides a "perhaps unnoticeable" tailwind. Ok, sorry for the diversion. Back to NVDA. (2 charts shown the first is MarketSurge Chart of Invesco's Equal-weighted Healthcare ETF (RYH) since early 2024 and the second is the same ETF, shown breaking out of its base since 2021)
Tickers

Daily Technical Strategy
Wed, August 7, 2024 | 6:41PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

“Two steps forward, One step back”

THE EARLY WEEK STABILIZATION LOOKS TO BE A WORK IN PROGRESS, BUT FOLLOWING TWO EARLY SUPERB BREADTH DAYS, US MARKETS FINISHED BACK LOWER ON WEDNESDAY...

Daily Technical Strategy
Mon, July 15, 2024 | 7:37PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Expect Regional Banks and Biotechnology will also benefit as Small caps rally

US EQUITY INDICES ARE STARTING TO MOVE HIGHER IN TANDEM, WITH ^SPX 1.25% , RSP 0.92% , DJIA 0.72%  AND ALSO QQQ 1.73%  ALL SHOWING GAINS OF ROUGHLY +0.45%.  SMALL CAPS,...

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