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ETF Sector Spotlight For 07/12/2021

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Market Recap For July 12th, 2021

Although not to the scale of Friday’s move, stocks rallied to start the week, which is exactly what was expected.

The path of least resistance is clearly up, as the three major indices all closed at new all-time highs.

Yesterday’s Sector Performance

Financials followed through on Friday’s run.

Consumer Staples and Energy finished in the red.

Five-Day Sector Performance

Real Estate is by far the leader over the past week.

Energy is the only sector in the red over the past week, and in the red badly.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Financial Select Sector SPDR (XLF)

Right now, it would appear that as long as the market rally continues, Financials and Real Estate are the top performers.

Assuming bot the rally and its leadership continue, the XLRE and XLF should hit new highs.

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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