ETF Sector Spotlight For 09/27/2021
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Market Recap For September 27th, 2021
Markets dipped at yesterday’s open, but the Dow and S&P eventually chopped their way into the green. The Nasdaq, however, couldn’t muster it up.
Not only did the Dow form what looks like a bearish reversal, the S&P also failed to confirm the Dow’s recovery high. Could spell trouble for the rest of the week.
Yesterday’s Sector Performance
Energy, once again, was the clear leader of the market.
Real Estate struggled yet again.
Five-Day Sector Performance
Energy is having an incredible 5-day run, with Financials a distant 2nd.
Real Estate and Utilities are the current bottom feeders.
ETF Trade Watch
Real Estate Select Sector SPDR (XLRE)
Energy Select Sector SPDR (XLE)
As stated yesterday, recent price action has a bearish look to it. The price action to start this week may not be awful, but it sure isn’t overly bullish either.
Energy and the XLE are working. Real Estate and the XLRE are not. Expect this trend to continue, until it doesn’t.
Good luck!
