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ETF Sector Spotlight For 12/05/2021

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Market Recap For December 5th, 2021

Friday’s Spotlight documented last week’s tendency for the market to flip back and forth from up to down. The combo of Thursday to Friday was no exception.

Although all major indices finished in the red, Friday ended with a rally into the close, which could see follow through today.

Yesterday’s Sector Performance

On a down day, Consumer Staples finished firmly in the green.

Healthcare, Technology and Financials led the downside charge.

Five-Day Sector Performance

Utilities are the clear leader after last week.

Communication Services and Consumer Discretionary lost the week.

ETF Trade Watch

Consumer Staples Select Sector SPDR (XLP)

Utilities Select Sector SPDR (XLU)

Markets me rally to start off the week, and it is certainly possible that a low of some magnitude was put in on Friday.

However, if that is not the case, Utilities and Consumer Staples could remain the top performing sectors, and that means the XLU and XLP should be monitored.

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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