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Sector Spotlight: Market Breaks Out Of Its Range


Market Recap For November 22nd, 2022

After struggling to make and real headway, one way or the other, markets finally appear to have embarked on a real move.

With stocks pushing higher, and the S&P taking out 4K, the door would seem to be open for higher prices to follow.

Yesterday’s Sector Performance

Energy rebounded Tuesday to take the top spot in the market.

Real Estate was the weakest sector, but still ended up positive.

Five-Day Sector Performance

Consumer Staples are still leading the week, but that looks to change soon.

Discretionary is still at the bottom of the weekly.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Materials Select Sector SPDR (XLB)

Tuesday seems to have confirmed that another leg up in the rally from the October low is underway. How far that leg goes is another question all together.

Regardless, if Tuesday’s leaders continue to lead, the XLB and XLE should perform well over the coming days.

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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