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ETF Sector Spotlight For 09/10/2021


Market Recap For September 10th, 2021

Thursday’s close looked definitively bearish, and even though Friday started off a bit higher, the bearish forces were strong enough to bring the market back down.

Like Thursday, Friday’s close looked very bearish, and should lead to lower prices, at least to start the week. It’s also possible a real selloff is underway.

Yesterday’s Sector Performance

Energy and Materials held on quite well.

Real Estate and Utilities did not.

Five-Day Sector Performance

Consumer Discretionary won the week, albeit still ending in the red.

Real Estate struggled all week long.

ETF Trade Watch

Industrials Select Sector SPDR (XLI)

Real Estate Select Sector SPDR (XLRE)

Most of last week, and especially Friday, imply that markets are struggling to move higher and lower prices are likely coming.

The weakest sectors last week were Industrials and Real Estate. So, an extension of the selloff could hit the XLRE and XLI harder.

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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