ETF Sector Spotlight For 12/21/2021
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Market Recap For December 21st, 2021
Monday’s market left a tone of bullishness, albeit a cautious one. Tuesday picked up where Monday left off, as all major indices had a big day.
Although the current market environment has made rallies hard to trust, yesterday left a clear sign the higher prices should be coming.
Yesterday’s Sector Performance
Energy surged to the top, followed by Technology and Discretionary.
Utilities and Staples remained in the red.
Five-Day Sector Performance
Healthcare is still the weekly leader, but that won’t likely last much longer.
Financials are now at the bottom of the weekly performance.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Consumer Discretionary Select Sector SPDR (XLY)
Tuesday brought the rally that was foreshadowed at Monday’s close, and as we suspected, Technology and Discretionary snapped back in a big way.
If the rally that started at Monday’s low continues into today, or further, expect the XLK and XLY to rebound nicely along the way.
Good luck!
