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Wealthpop News

ETF Sector Spotlight For 06/15/2022


Market Recap For June 15th, 2022

Considering all the commentary surrounding yesterday’s FOMC statement, the reaction was somewhat of a snoozer. Markets finished roughly where they started.

The past two days have not provided much insight into what to expect next, so traders should be prepared either way.

Yesterday’s Sector Performance

Discretionary stocks finished just ahead of Communication Services and Real Estate.

Energy ended up as the only sector in the red, although Staples and Materials also struggled.

Five-Day Sector Performance

Staples are still on top, but that should change if the market rallies.

Energy has now made it to the bottom of both of our timescales.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Consumer Discretionary Select Sector SPDR (XLY)

Markets seemed to have taken a pause after the rough, three-day drop. This could be prep for a turn higher, or simply a breather before heading lower.

So, we continue to highlight the two sector ETFs that stand to move the most in a big market move, the XLK and XLY.

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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