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Sector Spotlight: All Eyes On Jackson Hole


Market Recap For August 25th, 2022

The major indices finally moved out of the 2+ day range they had been in and rallied into Thursday’s close.

Closing near the high of the day is always a bullish sign, but there’s a lot of news on today’s docket that could throw a wrench into things.

Yesterday’s Sector Performance

Materials took the lead on Thursday, followed by Communication Services.

Staples ended up at the bottom, but still in the green.

Five-Day Sector Performance

Energy is still the only sector noticeably in the green over the past trading week.

Technology has moved into the weekly cellar.

ETF Trade Watch

Communication Services Select Sector SPDR (XLC)

Technology Select Sector SPDR (XLK)

Stocks clearly closed on a positive note yesterday and appear set to move higher today, pending any surprises that might come out of Jackson Hole.

If the rally extends further today, the usual suspects, like the XLC and XLK, will likely perform towards the top of the market.

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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