Health Care Select Sector SPDR Approaches Make Or Break Point Says Market Timer Frank Kollar.

May 23, 2006 (FinancialWire) (By Frank Kollar)

Shares of Health Care Select Sector SPDR (AMEX: XLV) have been hit hard since hitting rally highs back in March. Health Care Select Sector SPDR holdings include Johnson & Johnson (NYSE: JNJ), Pfizer Inc (NYSE: PFE) and Amgen Inc (NASDAQ: AMGN). In the last two months Health Care Select Sector SPDRs have lost 8% in share value. This puts them only 1% from their October 2005 correction lows at $29.80.

If Health Care Select Sector SPDRs make a decisive close below $29.80 , it is likely to result in lower lows on increased momentum. Short-term traders might take long positions here using this support as a close protective stop.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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