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Sector Spotlight: The Calm Before The Storm


Market Recap For September 14th, 2022

Although the market did move lower on Wednesday, it wasn’t as much of a down move as many might have expected. The day eventually ended slightly in the green.

Today should provide clues into the market’s plans for the remainder of the week. If yesterday’s lows fail to hold, expect lower prices to follow.

Yesterday’s Sector Performance

Energy performed well again, clearly leading Wednesday’s market.

Real Estate ended up as the biggest loser on the day.

Five-Day Sector Performance

Energy is now the only sector meaningfully in the green.

Real Estate is struggling on the weekly chart as well.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Real Estate Select Sector SPDR (XLRE)

The one thing that has been working lately has been Energy, but it’s hard to say how long that will last. For now, its outperformance makes the XLE worth a look.

On the other hand, Real Estate has not been working. Bearish traders might choose to check out the XLRE for bearish setups.

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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