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ETF Sector Spotlight For 05/19/2022

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Market Recap For May 19th, 2022

Not much changed during yesterday’s trading. Markets started lower, pushed higher, and then back down again.

A case could be made for a move in either direction, but the short-term bearish setup that formed on the S&P points towards lower.

Yesterday’s Sector Performance

Materials notched a decent day in the green.

Consumer Staples took the biggest hits, once again.

Five-Day Sector Performance

Energy still leads the weekly chart, followed by Materials in distant 2nd.

Staples are still at the bottom of the trading week, way behind the pack.

ETF Trade Watch

Materials Select Sector SPDR (XLB)

Consumer Staples Select Sector SPDR (XLP)

Although it’s way too early to say Materials are ready to run, but yesterday could be the start of something, meaning the XLB is worth a watch.

Meanwhile, Consumer Staples struggled once again, albeit not as badly as they did on Wednesday. The XLP continues to decline.

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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