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ETF Sector Spotlight For 06/22/2022

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Market Recap For June 22nd, 2022

Tuesday’s close was a higher one, but with a less than thrilling close, which bled into Wednesday’s start of trading. Markets moved into the green but failed to hold on.

Overall, yesterday was not terribly bullish. Combine that with yet another weak close and prices may be looking to decline today, and possibly beyond.

Yesterday’s Sector Performance

It’s been a while since Real Estate led the market, as it did on Wednesday.

Once again, Energy stocks were drilled hard.

Five-Day Sector Performance

Seemingly out of nowhere, Real Estate now leads the weekly as well.

Energy has not been able to catch a break for the past week or so.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Energy Select Sector SPDR (XLE)

Markets seem to be struggling to move higher, but regardless, the Real Estate driven XLRE has managed to perform very well lately.

On the other end of the spectrum, Energy has caused ETFs such as the XLE to decline down to important support areas.

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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