ETF Sector Spotlight For 11/16/2021

Market Recap For November 16th, 2021

Even though Monday muddied the waters a tad, the current market path is up, and that continued on Tuesday.

The Nasdaq and Russell looked very good yesterday, the S&P was ok, and the Dow looked bearish. Together, odds still favor higher, unless the Dow is in charge.

Yesterday’s Sector Performance

Consumer Discretionary is back on top of the market.

Real Estate did not perform as well, followed by Staples.

Five-Day Sector Performance

Utilities dropped, thanks to yesterday, replaced by Technology.

Energy is now the distant loser in the market.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Consumer Discretionary Select Sector SPDR (XLY)

Markets pushed higher yesterday, mostly. Although the Dow’s performance is concerning, sectors like Consumer Discretionary performed well.

If the Nasdaq and Russell go it alone, Discretionary and Tech should perform well, as should the XLK and XLY.

Good luck!