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ETF Sector Spotlight For 05/13/2022


Market Recap For May 13th, 2022

Thursday’s closing stretch was a bullish one, so following through on Friday was not much of a surprise.

The market is overdue for a relief rally, but it’s hard to say whether or not the current one has legs, or will it be over almost as soon as it started.

Yesterday’s Sector Performance

Discretionary finally got a day in the sun.

Meanwhile, Healthcare’s day on top was short-lived.

Five-Day Sector Performance

Staples is still the only sector in the green, albeit barely.

Real Estate is the laggard, followed closely by Financials and Technology.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Consumer Discretionary Select Sector SPDR (XLY)

The bulls have control of the market, at least as of Friday. If they can keep it for a longer run, Technology and Consumer Discretionary will likely lead the way higher.

Two of the top ETFs to analyze for bullish trades, in the case where the above scenario unfolds, would be the XLY and XLK.

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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