ETF Sector Spotlight For 11/18/2021
Share
Market Recap For November 18th, 2021
Yesterday’s Spotlight pointed out the divergence between team Nasdaq/S&P and team Dow/Russell. Turns outs, the latter controlled most of the day.
However, the 2nd half of the day saw stocks recover, and all major indices finish on a bullish note. Higher prices seem to be on deck.
Yesterday’s Sector Performance
Consumer Discretionary moved back to the top of the market.
Energy had another less than thrilling day, although oil moved higher.
Five-Day Sector Performance
Technology and Discretionary are still the market leaders.
Energy and Financials are still the bottom feeders.
ETF Trade Watch
Consumer Discretionary Select Sector SPDR (XLY)
Technology Select Sector SPDR (XLK)
It’s been a choppy week, but yesterday ended in a way that is consistent with a market that intends to move higher.
If that scenario holds up today, traders should expect the XLY and XLK to be the likely leaders, with new highs to come.
Good luck!
