Wealthpop News

ETF Sector Spotlight For 04/20/2022

Christian Tharp April 20, 2022

Market Recap For April 20th, 2022

Tough day yesterday. All signs seemed to point higher after Tuesday’s rally, but it didn’t exactly turn out that way.

The Dow finished in the green, but both the Nasdaq 100 and Composite ended the day with quite the bearish look.

Yesterday’s Sector Performance

All the defensive sectors rose to the stop, starting with Real Estate.

Services got clobbered, Discretionary was a distant 2nd worst.

Five-Day Sector Performance

Wednesday’s performance pushed Real Estate to the top of the weekly.

Services is now the only sector in the red.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Communication Services Select Sector SPDR (XLC)

Thanks in part to yesterday’s big move, the XLRE has the look of an ETF that may make a run towards its 52-week high.

Looking the complete opposite of the XLRE, the XLC appears to be headed towards it 52-week low, and possibly lower.

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.

Previous Article

ETF Sector Spotlight For 04/19/2022

Next Article

ETF Sector Spotlight For 04/21/2022

×

It's not goodbye, it's hello Magnifi!

You are now leaving a Magnifi Communities' website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi