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ETF Sector Spotlight For 09/09/2021

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Market Recap For September 9th, 2021

The market started Thursday off in rally mode, looking like it was headed back towards a new high, but that rally was squashed by day’s end.

Yesterday’s close did not look good for the bulls. As easy as it is to assume the market will just bounce back again, at some point it won’t.

Yesterday’s Sector Performance

Financials finished slightly in the green, and on top of the market.

Real Estate did not have a great day, nor did Healthcare.

Five-Day Sector Performance

Energy and Consumer Discretionary are now the only sectors still in the green.

In addition to the daily, Real Estate is also at the bottom of the weekly.

ETF Trade Watch

Healthcare Select Sector SPDR (XLV)

Real Estate Select Sector SPDR (XLRE)

The price action of yesterday’s trading looks like it has bearish implications, and right now the weakest sectors are Real Estate and Healthcare.

If stock do follow through to the downside, and the sector preference holds to form, the XLV and XLRE could be the best bets for bearish plays.

Good luck!

Christian Tharp, CMT

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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