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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.

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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