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.