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ETF Sector Spotlight For 10/05/2021

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Market Recap For October 5th, 2021

Once again, the market moved counter to the day before, and to what was expected, while also failing to firmly hold that move into the close.

If that trend holds into today, traders could see another big down day. On the other hand, all the positives discussed on Monday are still present today.

Yesterday’s Sector Performance

Finally, a sector other than Energy led the market, and that was Financials.

Real Estate was the only sector meaningfully in the red.

Five-Day Sector Performance

Energy is still on top, no surprises there.

Consumer Discretionary and Healthcare are together at the bottom of the week.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Communication Services Select Sector SPDR (XLC)

Energy is the clear leader over the past couple of weeks, but Communication Services looks to be making a move up the ranks.

If markets continue higher, Energy ETFs like the XOP and XLE are potential bullish plays, the XLC could also benefit during a rally nicely.

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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