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ETF Sector Spotlight For 10/11/2021

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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.

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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