ETF Sector Spotlight For 10/11/2021
Market Recap For October 11th, 2021
Markets dipped to start the week, but very quickly they pushed into the green and appeared to be ready to resume their ascent.
But, just like last Thursday, stocks started to fade mid-day, and all the major indices finished in the red, and below key levels. Nothing about yesterday looked bullish.
Yesterday’s Sector Performance
Real Estate and Materials barely hung on to a little green.
Utilities and Communication Services fell the hardest.
Five-Day Sector Performance
Energy is still leading over the past week, but that may change soon.
Real Estate and Utilities are the only sectors in the red, for now.
ETF Trade Watch
Utilities Select Sector SPDR (XLU)
Communication Services Select Sector SPDR (XLC)
Based on yesterday’s performance, if the markets do fall back down, Utilities and Communication Services could be the weakest sectors.
In that scenario, bearish traders may want to analyze the XLC or XLU for possible trade setups.