In fact both sectors have not suffered at all in the weak markets that have been hammering stocks since late February.
With the S&P 500 Index (SPX) down some 2.6% since its February 18 highs and down 4.1% from its most recent April 29 closing high; Health Care Select is up 10.1% and up 2.4% while Pharmaceutical HOLDRS is up 8.7% and 2.1%.
There is little in the way to higher highs in coming weeks.
Support for Health Care Select is at $35.15. Support for Pharmaceutical HOLDRS is at $70.74.
http://www.fibtimer.com ETF Timing Strategy currently has positions in both Health Care Select and Pharmaceutical HOLDRS.