ETF Sector Spotlight For 12/22/2021
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Market Recap For December 22nd, 2021
For the first time in what seems like months, the market has implied a direction, and actually followed through with it for two consecutive days.
Like the previous two days, the indices finished in a manner that hints at higher prices to come. The S&P, however, is about to hit a tough resistance zone.
Yesterday’s Sector Performance
Once again, Technology and Discretionary found themselves at or near the top.
Utilities and Industrials ended up in the green, but also at the bottom.
Five-Day Sector Performance
Real Estate is the weekly leader, bit Tech and Discretionary will likely catch up soon.
Until then, Tech and Industrials are at the bottom of the week.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Consumer Discretionary Select Sector SPDR (XLY)
Wednesday’s market took the rally one more step higher. Once again, Technology and Discretionary led the way.
If the rally that started on Monday continues into today, traders should keep looking for the XLK and XLY to outperform along the way.
Good luck!
