ETF Sector Spotlight For 05/20/2022
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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!
