ETF Sector Spotlight For 11/29/2021
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Market Recap For November 29th, 2021
The week began on a positive note, as the Dow, S&P and Nasdaq all finished Monday in the green. The Russell, however, failed to do so.
Markets closed mostly higher, but not overly bullish. The Dow and Russell, in particular, actually look like they took a breather before heading lower.
Yesterday’s Sector Performance
Information Technology led the day.
Industrials edged out a pack of other sectors for the downside win.
Five-Day Sector Performance
Energy still holds the weekly lead, but that is likely to change soon.
Discretionary, Industrials and Communication Services are clustered at the bottom.
ETF Trade Watch
Industrial Select Sector SPDR (XLI)
iShares Russell 2000 ETF (IWM)
The weakest sector in the market, at this juncture, seems to be Industrials. If stocks decline further, look for the XLI to possible lead the way.
With the Russell’s obvious inability to muster up a rally, bearish traders might want to take a look at the IWM.
Good luck!
