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ETF Sector Spotlight For 11/12/2021

Christian Tharp November 13, 2021

Market Recap For November 12th, 2021

Turns out that Thursday’s pause in both decline and rally was a turning point for the market, as all major indices pushed into the green.

Expectations would be to extend higher to start the week. New highs are also likely, but short-term resistances need to be broken first.

Yesterday’s Sector Performance

Communication Services led Friday’s rally.

Utilities and Energy ended up red, with Real Estate and Staples right behind them.

Five-Day Sector Performance

Materials finished as the weekly leader, which was not a surprise.

Another non-surprise, Consumer Discretionary ended up as the weekly loser.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Communication Services Select Sector SPDR (XLC)

It appears the pullback is over, at least for now, and higher prices should follow. If Friday’s leadership means anything, then Tech and Services should lead the way.

This presents an opportunity for bullish traders to check out either the technology XLK or the Communication Services XLC.

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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