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ETF Sector Spotlight For 05/12/2022

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Market Recap For May 12th, 2022

As has commonly been the case lately, markets waffled from down to firmly in the green to solidly in the red. Days have been riddled with back and forth.

However, when it’s all said and done, the direction has remained lower. Yesterday’s close was a positive one, but can it follow through today?

Yesterday’s Sector Performance

It’s been quite some time since Healthcare has led the market.

Utilities, which had been a leader, fell into the red.

Five-Day Sector Performance

Thursday’s decline by Utilities allowed Staples to move to the top again.

Discretionary, however, is still at the bottom, along with Tech and Real Estate.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Healthcare Select Sector SPDR (XLV)

Whether the market declines, or rallies, Technology moves. This is why the XLK should be on traders’ radars regardless of direction.

In the meanwhile, seeing Healthcare move to the top of the pack could be a sign of things to come. The XLV is the ETF to watch.

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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