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Sector Spotlight: 2 Sectors To Keep All Eyes On


Market Recap For October 5th, 2022

Yesterday’s Spotlight warned of a possible pullback getting close, and the market open pulled back right out of the gate.

But the bigger move is still expected to be a rally, and Wednesday’s recovery would seem to confirm that forecast.

Yesterday’s Sector Performance

Energy remained at the top of the market for a 3rd straight day.

Utilities finished at the bottom, followed by Real Estate.

Five-Day Sector Performance

As long as the sector wins the day, Energy will likely sit on top of the week.

Utilities are deep in the red, as is Consumer Discretionary.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Healthcare Select Sector SPDR (XLV)

Even though Energy is the clear leader this week, traders have to be at least a bit concerned about an inevitable pullback.

So, rather than Energy, the next sectors on deck yesterday were Technology and Healthcare. That puts the XLK and XLV in focus.

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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