Healthcare should soon hit support and reverse in February

January’s strong gains suggest that the bullish Pre-election year seasonality trends likely outweigh the bearish forecasts about how dismal earnings should be, and the NASDAQ managed to log its best performance gains since last July. 

While many continue to harbor concerns on why the FOMC, Economic and earnings related news in the back half of this week have the potential to bring stock indices down, stock indices certainly haven’t shown much evidence of back-tracking.

Moreover, there remain no concrete signs of the US Dollar nor TNX turning materially higher, and the lack of trend reversals here still presents a bullish roadmap for prices through the back half of this week.

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