Wealthpop News

ETF Sector Spotlight For 04/07/2022

Christian Tharp April 7, 2022

Market Recap For April 7th, 2022

Markets moved lower right out of the gate on Thursday, but midday saw a turnaround that took them back into the green.

Unfortunately, the final run into the close was on the bearish side. So, when it was all said and done, the day was somewhat mixed.

Yesterday’s Sector Performance

Healthcare found its way to the top of the market.

Real Estate fell into the red, after being at the top repeatedly.

Five-Day Sector Performance

Healthcare is also on top of the weekly chart.

Technology is still at the bottom, followed by Industrials.

ETF Trade Watch

Healthcare Select Sector SPDR (XLV)

iShares Biotechnology ETF (IBB)

Healthcare has gained strength recently, making its way to the top of both our daily gauge, and our weekly one.

The XLV has been streaking higher, and the biotech laden IBB looks like it may be on the verge of breaking a key resistance.

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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