Health versus CBS trade closed
Today I close my SPDR Health (XLV) versus CBS trade. The closing prices are:
XLV: $76.96
CBS: $53.98
Closing ratio value: 1.425713
Gain on trade: 4.8%
The health ETF shows show bearish divergence on its relative versus the S&P 500 and CBS is relative oversold, as witnessed by it holding up on today’s setback.
This might go further in the longer term but I have decided against sitting through pull backs and having just started a new job, I shouldn’t trade with distractions.
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