ETF Sector Spotlight For 10/21/2021
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Market Recap For October 21st, 2021
Thursday brought more of the same, as traders and investors bought the morning dip, almost bringing the Dow completely out of the red.
The rally that started last week has shown no signs of stopping yet, even as it sits at, or above, all-time highs.
Yesterday’s Sector Performance
Consumer Discretionary reclaimed its position on top of the market.
Energy stocks took hits, even though oil held up somewhat ok.
Five-Day Sector Performance
Yesterday’s performance also put Consumer Discretionary back on top of the week.
Consumer Staples are now the only sector in the red over the past trading week.
ETF Trade Watch
Consumer Discretionary Select Sector SPDR (XLY)
Healthcare Select Sector SPDR (XLV)
Consumer Discretionary and Healthcare stocks have been the strongest since the current rally began.
Traders might want to stick with those hot hands, until something changes, by looking at the XLV and XLY.
Good luck!
