ETF Sector Spotlight For 12/07/2021
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Market Recap For December 7th, 2021
As referenced in yesterday’s Spotlight, Monday’s close was a bullish one. It was then no surprise to see higher prices on Tuesday.
Once again, markets ended on a positive note, one that implies higher prices to follow. It’s been a nice 3-day stretch, so a pullback instead would be reasonable.
Yesterday’s Sector Performance
Technology was the clear leader yesterday after being Monday’s laggard.
Consumer Staples struggled to stay in the green.
Five-Day Sector Performance
Utilities dropped back a spot, as forecast, with Energy now leading the week.
Consumer Discretionary is still at the bottom of the week.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Consumer Discretionary Select Sector SPDR (XLY)
When market rallies take hold, it is very common for Technology and Consumer Discretionary tp be among the leaders. Yesterday demonstrated that tendency.
So, if the current rally can extend, Technology and Consumer Discretionary may continue to lead the way, and that puts the XLK and XLY in the spotlight.
Good luck!
