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ETF Sector Spotlight For 10/26/2021


Market Recap For October 26th, 2021

Markets pushed higher right out of the gate yesterday, but as the day progressed significant chunks of gains were lost.

Stocks are definitely due for a pullback, and yesterday’s reversal lower has all the hallmarks of the beginning of one.

Yesterday’s Sector Performance

Energy stocks led the move yesterday.

Communication Services and Industrials failed to stay in the green.

Five-Day Sector Performance

Real Estate is still leading the past week.

Communication Services are still the only sector in the red.

ETF Trade Watch

Communication Services Select Sector SPDR (XLC)

Consumer Discretionary Select Sector SPDR (XLY)

The market rally has been persistent, so it certainly cannot be counted out to continue. However, yesterday looked like exhaustion.

Not only did the market look weak, but the XLY looked glaringly bad. So, if markets do pull back, both it and the XLC could lead the way lower.

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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