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ETF Sector Spotlight For 09/13/2021

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Market Recap For September 13th, 2021

The week started off higher, but the rally was sold into, as expected. However, the Dow held firmly in the green, and the S&P also manage to end above water.

Yesterday’s close was inconclusive, at best. A case could be made for a move either way, so it may be best to just sit tight for a while.

Yesterday’s Sector Performance

Energy had another good day, as did financials.

Healthcare was the weakest sector.

Five-Day Sector Performance

Thanks to yesterday’s move, Energy is now the only sector in the green.

Real Estate and Healthcare are under the most pressure this past week.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Healthcare Select Sector SPDR (XLV)

If markets rally, Energy is poised to be one of the leaders, and that is why traders might want to keep the XLE ready on standby.

However, if an extension of the decline is coming, Healthcare is not performing well, and that could lead to problems for the XLV.

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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