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ETF Sector Spotlight For 11/26/2021

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Market Recap For November 26th, 2021

Friday’s drop was unexpected by most, if not all, traders, but it was also news induced, which usually cannot be seen coming.

The decline did not appear to be over at Friday’s close, but this has been quite the resilient market for most of 2021.

Yesterday’s Sector Performance

Healthcare weathered Friday’s storm better than most.

Oil got hit hard as well, not surprisingly that Energy stocks hit bottom.

Five-Day Sector Performance

Utilities and Staples are outperforming the overall market.

Discretionary and Communication Services are together at the bottom.

ETF Trade Watch

Communication Services Select Sector SPDR (XLC)

Consumer Discretionary Select Sector SPDR (XLY)

There is no doubt that virtually every time the market appears to be on the precipice of a major drop, it turns right back around again.

However, that trend will not last forever, and if a bigger one happens to finally be underway, bearish plays are seemingly best placed on the XLY and XLC.

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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