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ETF Sector Spotlight For 09/16/2021

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Market Recap For September 16th, 2021

Markets starting yesterday off a little lower was not much of a surprise, but the extent of it was more than one might have expected.

Regardless, stocks rallied, eventually making their way into the green at one point, before finishing somewhat mixed. Prices still look set to move higher.

Yesterday’s Sector Performance

Consumer Discretionary was the only sector meaningfully in the green.

Materials and Energy struggled the most.

Five-Day Sector Performance

Energy is still way above and beyond the rest of the market.

Utilities is still the biggest weekly loser.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Consumer Discretionary Select Sector SPDR (XLY)

Energy took a break yesterday, but with oil still appearing to want to move higher, the XLE should be considered for bullish plays.

If the market is looking to head higher from current levels, Consumer Discretionary may lead the way, in turn taking the XLY with it.

Good luck!

Christian Tharp

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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