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ETF Sector Spotlight For 02/04/2022


Market Recap For February 4th, 2022

The major indices waffled back and forth on Friday, ultimately moving somewhat higher, depending on which index.

Friday’s last 30-minute decline into the close was not terribly thrilling if traders were looking for a sign to get bullish again.

Yesterday’s Sector Performance

Consumer Discretionary was the big winner on Friday.

Materials were the biggest losers.

Five-Day Sector Performance

Energy finished as the winner of the week.

Real Estate, Communication Services and Materials all ended slightly in the red.

ETF Trade Watch

Materials Select Sector SPDR (XLB)

Consumer Discretionary Select Sector SPDR (XLY)

Friday seemed a bit indecisive, although leaning slightly to the bullish side. For those looking to take a bullish stance, the XLY may be the way to go.

However, if Friday was just a pause before further weakness, the bears could hop on the XLB for lower lows.

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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