Type to search

Wealthpop News

ETF Sector Spotlight For 10/19/2021

Share

Market Recap For October 19th, 2021

We continue to forecast the market’s higher prices, and the market keeps obliging, as it did yesterday. All major indices rallied, one again.

Even though all signs still point higher, the major indices are all approaching all-time highs, and that could be all stocks need to start a pullback.

Yesterday’s Sector Performance

For the first time in a while, Healthcare found itself on top of the market.

After leading for the past few days, Consumer Discretionary took a break.

Five-Day Sector Performance

Thanks to the Consumer Discretionary pause, Technology now leads the week.

Consumer Staples are now at the bottom of the week.

ETF Trade Watch

Technology Select Sector SPDR (XLK)

Healthcare Select Sector SPDR (XLV)

Tuesday finished on yet another bullish note, so the rally is clearly still in effect. At some point, there will be a pullback, but there are no signs of it yet.

Until there is, the current leaders are now Technology and Healthcare, and that brings the XLK and XLV up to the forefront.

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.

  • 1