ETF Sector Spotlight For 09/23/2021
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Market Recap For September 23rd, 2021
Wednesday’s market left a slightly bullish tone heading into yesterday, and stocks rallied throughout most of the day.
Again, major indices closed on the bullish side. Markets may move higher today, but bullish traders should remain cautious.
Yesterday’s Sector Performance
Once again, Energy was the winner in yesterday’s trading.
Utilities and Real Estate both finished in the red.
Five-Day Sector Performance
As pointed out yesterday, Energy did take the lead over the rest of the market.
Utilities and Communication Services are together at the bottom of the week.
ETF Trade Watch
SPDR S&P Oil & Gas Exploration & Production (XOP)
Energy Select Sector SPDR (XLE)
Oil is moving higher again, as it appears the stock market is as well. If this combo continues, expect Energy stocks to outperform.
Two ETFs worth checking out for bullish trades could be the XLE, which we highlighted yesterday, and the XOP.
Good luck!
