Type to search

Wealthpop News

Sector Spotlight: Market Shows Strength


Market Recap For November 14th, 2022

Yesterday’s Spotlight forecast higher prices, but also a concern that the S&P might pull back from 4K. Monday ended up bringing both.

The reversal in the final two hours of trading left a clear, bearish signal at the market close. The pullback should extend into today, at minimum.

Yesterday’s Sector Performance

The only sector finishing in the green on Monday was Healthcare, barely.

Real Estate took the biggest hits on the day.

Five-Day Sector Performance

No real change at the top, as Technology still leads,

Energy is the only sector in the red over the past trading week.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Consumer Discretionary Select Sector SPDR (XLY)

Traders should expect markets to move lower in the near-term, but nothing happened on Monday the dents the larger bullish expectation.

Assuming markets do move lower over the next day or two, it looks like the XLRE and XLY may be two of the downside leaders.

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.

  • 1

It's not goodbye, it's hello Magnifi!

You are now leaving a Magnifi Communities' website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi