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Sector Spotlight: Back To Bear Market Territory


Market Recap For September 26th, 2022

Markets tried to muster up a small rally to start the week, but once again it was sold into, and stocks finished in the red.

Although yesterday ended on a clear bearish note, meaning more downside could be coming, traders should keep in mind that stocks are extremely oversold.

Yesterday’s Sector Performance

The only sector that managed to stay even slightly positive was Consumer Staples.

Real Estate, Utilities and Energy led the charge to the downside.

Five-Day Sector Performance

Consumer Staples are still on top of the trading week, to no surprise.

Energy has had a whopper of a bad run over the last 5 days.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Real Estate Select Sector SPDR (XLRE)

Bearish trades should be taken with a bit of caution, as a low would seem to be getting close. That being said, the path is still pointing towards lower prices.

And if stocks do move lower, and in a meaningful way, Real Estate and Energy have performed worst, as has the XLRE and XLE.

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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