Since then, the A/D line has held well above its rising EMA and the chart support (line c). For those interested in healthcare, last week, I discussed the bullish technical action of health care sector ETF's and gave specific recommendations. The daily relative performance (RS) is still below its declining Weighted Moving Average (WMA). Earlier this month, I wondered “What Will It Take To Turn Investors Bullish?” Apparently the rate cut, fewer trade-related Tweets from President Trump, and better-than-expected earnings have done the trick. According to the latest survey from the American Association of Individual Investors (AAII), 40.7% of investors are now bullish, which is up from 21.37% the week of October 3.

Source: Forbes November 17, 2019 18:22 UTC