Type to search

Wealthpop News

Sector Spotlight: Market On Edge Ahead Of CPI

Share

Market Recap For October 12th, 2022

Overall, yesterday was relatively boring market day. The S&P traded within its opening bar all day long in one of the tighter ranges in quite a while.

In all likelihood, markets stayed in a holding pattern until today’s CPI numbers are released at 8:30. Odds favor a volatile move afterward.

Yesterday’s Sector Performance

Energy stocks moved back to the top of the market, followed by Staples.

The Utilities sector struggled all day on Wednesday.

Five-Day Sector Performance

Energy has given some back lately, but the sector still leads the past week.

Yesterday also sent Utilities back to the bottom of the week.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Consumer Staples Select Sector SPDR (XLP)

For traders looking for the weakest stocks, look no further than Utilities. However, bullish traders might look at Staples and Energy.

As usual, the XLE is a top ETF for those wanting to trade Energy, while the XLP is a go-to for traders looking at Staples.

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.

  • 1
×

It's not goodbye, it's hello Magnifi!

You are now leaving a Magnifi Communities' website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi