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Sector Spotlight: Where To Next?


Market Recap For October 14th, 2022

As the saying goes, what a difference a day makes. As good as a reversal that Thursday looked, Friday looked almost equally as bad.

Although it’s possible that Friday’s decline is just a deep pullback before moving higher, it ended on a bearish note that looks likely to run into the start of this week.

Yesterday’s Sector Performance

All sectors closed in the red with Healthcare holding up best.

Energy and Discretionary stocks were hit the hardest.

Five-Day Sector Performance

Consumer Staples actually moved higher in what was otherwise a rough week.

Discretionary stocks also finished at the bottom of the weekly.

ETF Trade Watch

Healthcare Select Sector SPDR (XLV)

Consumer Staples Select Sector SPDR (XLP)

On both a daily scale, and a weekly one, defensive sectors are the out-performers in the most recent market environment.

With Consumer Staples and Healthcare being two of those defensive sectors, traders might want to take a look at the XLP and XLV.

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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