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Trading ETFs: 'Healthy' Gains As Rotation Continues

  • Writer: Lester Davids
    Lester Davids
  • Jan 27
  • 1 min read

Access Global ETFs with Unum Capital.

To get started, email lester@unum.co.za


Update: Strong upside follow-through for the Global Healthcare ETF (IXJ)


IXJ ETF Daily Chart as of Monday 27 January at 19h21
IXJ ETF Daily Chart as of Monday 27 January at 19h21

 

Previous Post (Friday 17 January): 'Scoop n Score' With The iShares Global Healthcare ETF


IXJ offers marketlike exposure to global pharmaceutical, biotechnology, and medical device companies. The fund pulls from the S&P Global 1200 universe, which effectively screens out small-caps, giving the fund a large-cap tilt compared to our benchmark. Aside from that, geographic and sector weights look neutral and make it a viable entry-point to global healthcare. BlackRock Fund Advisors uses a sampling approach to indexing. This means the fund may not hold all the stocks of the underlying index but will hold securities that collectively have the same investment profile. Stocks within IXJ are selected and weighted by float-adjusted market-cap. The index is rebalanced quarterly.


False breakdown (Scoop n Score Setup), looking to reclaim it's position above the demand-supply zone.


IXJ Daily Chart as of 17 January at 12h58
IXJ Daily Chart as of 17 January at 12h58


Lester Davids

Analyst: Unum Capital

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