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ETF Sector Spotlight For 08/13/2021

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Market Recap For August 13th, 2021

The week ended with a slightly positive market, will all four of the major indices we follow finishing in the green.

Ongoing forecasts are not changing much lately because the market continues to do the same thing: Move higher, no matter what, eventually.

Yesterday’s Sector Performance

Consumer Staples moved to the top spot for the first time in a while.

Energy pulled back again after a recent recovery.

Five-Day Sector Performance

Materials ended up winning the week, with Consumer Staples catching up.

Energy was the only sector finishing in the red last week.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Consumer Staples Select Sector SPDR (XLP)

Consumer Staples won the day on Friday and is now nearly at the top of the weekly, which means now could be a good time to look at the XLP.

On the other end, Energy is struggling, and that is dragging the XLE down. Bearish traders might want to give it a look.

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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