ETF Sector Spotlight For 06/23/2022
Market Recap For June 23rd, 2022
After three trading days, markets haven’t really made much progress in either direction. However, yesterday’s close was a bullish one.
The Nasdaq and S&P close right at resistances, while the Russell actually managed to break above one. Today should lean to the bullish side.
Yesterday’s Sector Performance
Utilities and Healthcare finished on top of Thursday’s market.
Energy stocks were sold yet again, and that trend doesn’t appear to be over.
Five-Day Sector Performance
Healthcare’s recent run now has it leading the past trading week.
Energy is exactly where it’s been for over a week now.
ETF Trade Watch
Utilities Select Sector SPDR (XLU)
Healthcare Select Sector SPDR (XLV)
Yesterday saw new leadership, which may or may not last. However, Healthcare has performed well for a while, as has the XLV.
Another sector of note is the Utilities, which has outperformed the overall market as well, and that is reflected in the performance of the XLU.