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Wealthpop News

Sector Spotlight: Housing Market Slows


Market Recap For August 18th, 2022

Wednesday’s market move was somewhat inconclusive, and Thursday’s was even less helpful. With what little tea leaves there were, signs tilt bearish.

But, it is important to keep in mind that the picture one degree out still points towards higher, at least for now.

Yesterday’s Sector Performance

Once again, Energy stocks led the market.

Real Estate ended up deepest in the red.

Five-Day Sector Performance

Consumer Staples are back on top of the market, with Financials falling back.

Healthcare and Communication Services are still bringing up the rear.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Energy Select Sector SPDR (XLE)

Real Estate appears to be weakening, at least as of late, which means bearish plays on the XLRE may be worth a look.

Oil has seemed to come back to life, and if its current rally can manage to keep it going, the XLE may be seeing additional rally highs.

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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