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ETF Sector Spotlight For 11/04/2021


Market Recap For November 4th, 2021

The Nasdaq outperformed the other major indices, while the Russell and Dow both ended up finishing in the red.

If previous pauses in the current rally are any indication, yesterday likely just means more new highs are forthcoming.

Yesterday’s Sector Performance

Consumer Discretionary and Technology were the top performers yesterday.

Financials took the largest hits.

Five-Day Sector Performance

Consumer Discretionary is still leading over the past week.

Financials have now replaced Energy at the bottom of the week.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Consumer Discretionary Select Sector SPDR (XLY)

Markets, and sectors such as Technology and Consumer Discretionary, are clearly stretched, but they can certainly stretch farther.

If they can manage to keep going, it would appear that the XLY and XLK will end up doing the same.

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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