Type to search

Wealthpop News

ETF Sector Spotlight For 05/20/2022

Share

Market Recap For May 20th, 2022

Friday’s Spotlight stated, “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.”

The market moved lower and ended up moving in both directions. The close left a bullish tone to it, but lately, many bullish “tones” have been silenced the next day.

Yesterday’s Sector Performance

Healthcare and Real Estate led the day.

Consumer Discretionary stocks performed worst, followed by Industrials.

Five-Day Sector Performance

Energy finished the trading week on top, but just barely.

Staples ended up the loser of the week, Discretionary wasn’t far behind.

ETF Trade Watch

Healthcare Select Sector SPDR (XLV)

Consumer Staples Select Sector SPDR (XLP)

Healthcare seems to be gaining some steam as of late, and that means the XLV could be on the rise if the market rallies.

Even though Consumer Staples struggled have been terrible over the past week, the XLP formed a reversal day to end last week.

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.

  • 1