Chart-in-Focus: Is Healthcare Emerging as the Market’s Next Leader?

Leadership in equity markets rarely changes overnight. It evolves gradually as institutional money begins shifting from one sector to another, often well before the headlines acknowledge the change. This is one reason why technicians pay close attention to price structure and relative strength. Both can provide valuable clues about where fresh leadership may be developing. After almost two years of Technology dominating market performance, Healthcare is beginning to display characteristics that deserve closer attention.