ETF Sector Spotlight For 03/24/2022
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Market Recap For March 24th, 2022
Wednesday’s close was a bearish one, for sure. Expectations were for that bearishness to continue into Thursday, but the market had other plans.
Yesterday’s close was a bullish as Wednesday’s was bearish. The move appears to be upward, but will today bring another curve ball?
Yesterday’s Sector Performance
Technology jumped to the top of the market.
After one day at the top, Energy fell back to the bottom.
Five-Day Sector Performance
Energy is still the top of the market, but that likely won’t last long.
Real Estate is where it was yesterday, at the bottom, but now it’s also in the red.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Energy Select Sector SPDR (XLE)
The rally that started last Monday looks as if it is taking another leg higher, and if so, the XLK should take one with it.
The Energy run may be done for a while, or over all together. Either way, those interested in trading it should analyze the XLE.
Good luck!
