Wealthpop News

ETF Sector Spotlight For 12/01/2021

Christian Tharp December 1, 2021

Market Recap For December 1st, 2021

As stated in yesterday’s Spotlight, Tuesday’s selling did not appear to be over. Sure enough, it wasn’t. Markets ended up failing to hold an early day rally.

Once again, the decline does not appear to be over. In addition, multiple levels of support were taken out yesterday.

Yesterday’s Sector Performance

Utilities squeaked out a small gain, the only sector to do so.

Communication Services finished at the bottom once again.

Five-Day Sector Performance

All sectors are now in the red, with Technology holding up best.

Industrials and Financials are both down 6 percent in the past trading week.

ETF Trade Watch

Industrial Select Sector SPDR (XLI)

Financial Select Sector SPDR (XLF)

Markets looked worse yesterday than they did the day before. So, there is every reason to believe lower lows are coming.

ETFs such as the XLI and XLF represent the two sectors that have struggled the most during the market pullback. They will likely struggle further if the decline extends.

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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