Type to search

Wealthpop News

Sector Spotlight: Is The Bear Market Over?


Market Recap For December 1st, 2022

The first couple of days in December have a seasonally bearish bias to them, and yesterday seemed to mostly adhere to that trend.

If that seasonality holds up, today might be another day of weakness, as markets prepare for what is commonly a bullish overall month of the year.

Yesterday’s Sector Performance

Services and Healthcare managed to squeak out some gains on Thursday.

Financials ended up as the weakest sector on the day.

Five-Day Sector Performance

Services are also leading the weekly chart.

Energy is the only sector in the red over the past trading week.

ETF Trade Watch


Communication Services Select Sector SPDR (XLC)

Although Services are still the top sector, it’s worth noting that the XLC has pulled back from a previous resistance. The sector could be ready to cool a bit.

Similarly, Retail has been performing well, and like the XLC, the XRT is also butting up against the key resistance point.

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.

  • 1

It's not goodbye, it's hello Magnifi!

You are now leaving a Magnifi Communities' website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi