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Health versus CBS trade closed

July 21, 2015

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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