Health Care Sel SPDR Downtrend Replay (2002-04-19 to 2002-07-23)
Replay a historic 27.3% drawdown in the Health Care Select SPDR (XLV) between April 19 and July 23, 2002. Step through 11 daily decision points, four marked critical, and receive AI coach feedback in this simulated market-training scenario.
132 daily bars · 11 decision points · 2002-03 to 2002-09 · Stocks
Key facts
This window spans 189 days with a peak-to-trough drawdown of 27.3% and a 29.6% run-up.
- Max drawdown
- −27.3%
- Max run-up
- +29.6%
- Duration
- 189 days
- Largest single-day move
- +6.5%
- Bars
- 132 Daily bars
- Decision points
- 11
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
In the spring of 2002, the Health Care Select SPDR (XLV) faced mounting headwinds as investor confidence in the broader market remained fragile following the dot-com bust. The period from April 19 to July 23 represented a stern test for sector-based investing, with health care traditionally viewed as a defensive haven suddenly caught in the crosscurrents of a risk-off environment. This replay places participants directly into the decision-making flow of a 27.3% drawdown scenario, forcing concrete responses to deteriorating price action across 11 distinct daily judgment points.
The price trajectory tells a stark story: from an opening reference of 28.51, the ETF ultimately closed the replay period at 26.5, translating to a -7.1% net decline. Yet the true severity emerges in the max drawdown metric of 27.3%—meaning peak-to-trough losses substantially exceeded the endpoint calculation. The largest single-bar move of 6.5% underscores the volatility spikes that characterized this descent, with four critical decision nodes demanding trader attention. These moments of acute stress tested both systematic discipline and emotional resilience.
For decision-training purposes, this replay illuminates how drawdown measurement can diverge dramatically from endpoint performance, why defensive sectors offer no absolute protection during broad risk aversion, and how the timing of four critical junctures could have meaningfully altered outcomes. Participants learn to distinguish between short-term volatility noise and genuine trend deterioration, while confronting the psychological challenge of holding or acting during a sustained decline. The historical authenticity of 132 daily bars grounds abstract risk concepts in concrete market reality.