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Sector Spotlight: Investors Await Fed’s Remarks

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Market Recap For September 19th, 2022

Monday’s Spotlight forecast a bullish start to the week, and after the initial opening decline, all major indices moved into the green.

Yesterday’s confirmation that a rally had begun on Friday should lead to even higher prices today, and likely into tomorrow AM.

Yesterday’s Sector Performance

Materials had been struggling, but yesterday brought a nice rebound to the sector.

Healthcare, which had been performing well, fell to the bottom of the heap.

Five-Day Sector Performance

The defensive sectors of Staples, Utilities and Healthcare are on top of the market.

Real Estate has fallen to the bottom of the week.

ETF Trade Watch

Industrials Select Sector SPDR (XLI)

Materials Select Sector SPDR (XLB)

If yesterday’s start to the week means anything, then Industrials and Materials should perform well for as long as this rally holds.

The two most obvious ETFs for bullish traders to look at for possible trades might be the XLI and XLB.

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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