Wealthpop News

Sector Spotlight: CPI Sends The Market Soaring

Christian Tharp October 13, 2022

Market Recap For October 13th, 2022

Thursday’s Spotlight forecast a volatile move for the release of the morning’s CPI numbers. From down 3 percent to up 3, volatility ruled the day for sure.

Markets have seemed poised for a multi-week rally for a while now, and yesterday would appear to have kicked one off.

Yesterday’s Sector Performance

It has been a long time since Financials led the market.

In somewhat of a surprise, Discretionary stocks lagged.

Five-Day Sector Performance

Energy has finally lost its place on top, thanks to Consumer Staples.

Technology and Discretionary are bringing up the rear.

ETF Trade Watch

Financials Select Sector SPDR (XLF)

Consumer Staples Select Sector SPDR (XLP)

It’s been so long since it happened that it almost seems strange that Financials led the market yesterday. However, as long as it continues, the XLF is worth a look.

Consumer Staples have performed well for a while, even if not always the leader of the day. This keeps the XLP on the radar for bullish trades.

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.

Previous Article

Unlock The Next Level Of Options Trading With THIS

Next Article

Is A Big Breakout Possible For Crocs (CROX)?

×

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