ETF Sector Spotlight For 11/21/2021
November 21, 2021
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Market Recap For November 21st, 2021
Thursday’s market ended on a positive note, leading traders to expect higher prices on Friday. That is not how the week ended.
Although the Nasdaq finished higher, most stocks finished lower. The way the week ended would imply that this week might start off lower.
Yesterday’s Sector Performance
With the Nasdaq finishing higher, it’s not surprising to see Technology lead.
Once again, Energy took some big hits.
Five-Day Sector Performance
Technology and Discretionary ended up winning the week.
No surprise, Energy had a bad week.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Technology Select Sector SPDR (XLK)
Markets sure look as if they will start of lower this week, and if so, Energy may set up for bearish plays on the XLE.
False signals and signs have been the norm lately, so if markets head higher instead, look for ETFs such as the XLK to lead the way.
Good luck!
