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ETF Sector Spotlight For 01/27/2022


Market Recap For January 27th, 2022

In what seems to be an everyday occurrence, markets pushed into the green by 1-2 percent, but ultimately ended up getting sold into.

The close was not inspiring, but a meaningful rally will happen at some point. For now, it seems lower prices are looming.

Yesterday’s Sector Performance

Energy continues its nonstop run to new 52-week highs.

Consumer Discretionary stocks were hit hardest.

Five-Day Sector Performance

Energy has been leading, overall, for weeks now.

Communication Services and Discretionary are still bringing up the rear.

ETF Trade Watch

Communication Select Sector SPDR (XLC)

Consumer Discretionary Select Sector SPDR (XLY)

Although Monday’s low is still holding, the past couple of days are demonstrating persistent weakness, which could lead to a retest, or break, of that low.

If stocks do press even lower today, traders should still plan to look for possible bearish opportunities in the XLC and XLY.

Good luck!

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group.

My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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