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ETF Sector Spotlight For 08/12/2021

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Market Recap For August 12th, 2021

Breaking News: Markets moved higher yesterday. No one saw it coming, and traders and investors are scrambling to figure out how it snuck under the radar.

Seriously, though, what else is there to say about the current state of the market. It will apparently move higher no matter what, and that’s not usually a bullish sign.

Yesterday’s Sector Performance

Financials, Materials and Industrials dropped back a bit, as Healthcare led the way.

Energy fell back more than others.

Five-Day Sector Performance

Financials and Materials are essentially co-leaders over the past week.

Real Estate sits at the bottom.

ETF Trade Watch

Materials Select Sector SPDR (XLB)

Financials Select Sector SPDR (XLF)

Materials and Financials still lead. However, all great runs get pull back and get corrected, at some point.

However, those pullbacks and corrections often provide more ideal entry points for ETFs such as the XLB and XLF.

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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