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ETF Sector Spotlight For 05/10/2022


Market Recap For May 10th, 2022

Tuesday saw stocks jump right out of the gate, and to virtually no one’s surprise the market sold into it, as it has done over and over again.

It was hard to gain much from yesterday’s price action, there were a few slight signs of a possible low taking hold. Hopefully today will add clarity.

Yesterday’s Sector Performance

It’s been a while since Technology has led the market.

Real Estate continues to struggle.

Five-Day Sector Performance

Utilities are still sitting atop the weekly chart.

Real Estate is now back at the bottom of the past trading week.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Real Estate Select Sector SPDR (XLRE)

Tuesday showed slight signs of a potential bottom being formed, and if that ends up being the case, the Technology driven XLK could benefit more than most.

On the other side of that equation would be a continuation of the current decline, and that would seem to send the XLRE even further down towards the low.

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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