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ETF Sector Spotlight For 10/07/2021

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Market Recap For October 7th, 2021

Thursday brought the higher stock prices we had been anticipating, with all major indices pushing firmly into the green.

Oddly, nearly half of those gains were lost by day’s end. Markets may decline to start today off, but where they go after that is the most important thing to watch.

Yesterday’s Sector Performance

Consumer Discretionary, Healthcare and Materials were yesterday’s leaders.

Utilities ended up as the only sector in the red.

Five-Day Sector Performance

Energy is still leading the way, no real surprise.

Healthcare is still at the bottom of the week.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Financials Select Sector SPDR (XLF)

Energy continues to lead, and with no apparent end in sight. Until that changes, XLE will likely head to new highs.

Although not a daily leader lately, Financials are having the next best week, behind Energy. The XLF also tested a new high yesterday.

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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