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ETF Sector Spotlight For 09/14/2021

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Market Recap For September 14th, 2021

The market’s feeble attempt at a rally to start the week was quickly squashed yesterday as all major indices hit new pullback lows.

Like Friday, the decline doesn’t appear to be over. That being said, the 50-day MA has been a strong support area for the S&P all year.

Yesterday’s Sector Performance

Healthcare and Technology held up relatively well during yesterday’s decline.

Energy stocks struggled the most, followed by Financials.

Five-Day Sector Performance

Energy is still the only sector in the green, but falling back to the pack.

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

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Healthcare Select Sector SPDR (XLV)

Considering the market, and the Nasdaq, struggled quite a bit yesterday, it’s encouraging to see Technology hold up well, along with the XLK.

Healthcare was having a rough go of things for a while, and now it appears the sector is trying to rebound, while the XLV tries to put in a low.

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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