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ETF Sector Spotlight For 04/18/2022

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Market Recap For April 18th, 2022

Expectations for the week were for a lower start. Major market indices did move lower on Monday, but most losses were recouped by day’s end.

As far as what that means for the upcoming days, it is hard to forecast. If the S&P can retake 4400, and the NDX 14K, the makings of a bigger rally could be underway.

Yesterday’s Sector Performance

Once again, Energy led the market.

Healthcare was weakest, followed by Consumer Staples.

Five-Day Sector Performance

No real surprise here, Energy is still on top of the week.

Healthcare, however, is now at the bottom of the market.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Healthcare Select Sector SPDR (XLV)

Same story as yesterday. Traders looking to go long in this market, should consider Energy as the current place to be, which means the XLE is worth a look.

On the flip side, Healthcare is clearly struggling as of late, so bearish traders might be interested in looking at the XLV.

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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