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ETF Sector Spotlight For 12/10/2021

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Market Recap For December 10th, 2021

The past few days have seen the market bounce back and forth as the S&P struggles to take out the 4700 area. Friday seemed to finally bring a breakthrough.

Unless there is a complete reversal of Friday’s rally, higher prices should be coming, as all major indices make their way towards new highs.

Yesterday’s Sector Performance

Technology and Consumer Staples were the clear leaders on the day.

Financials and Communication Services lagged the rest of the market.

Five-Day Sector Performance

Technology ended up winning the overall week as well.

Consumer Discretionary finished at the bottom, albeit just barely.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Consumer Staples Select Sector SPDR (XLP)

As markets recovered from the previous month’s decline, Technology exerted itself as the biggest winner, with the XLK now at new highs again.

Consumer Staples was also a consistent market leader, and Friday saw the XLP make a big move through the most recent resistance zone.

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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