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The Sector On Our Watchlist May Surprise You


ETF Watchlist

As investors scramble to find a place to shelter their money, fears of a full on banking crisis continue to grow. Yesterday, Moody’s downgraded the whole banking sector to give it a negative outlook. Now, many are starting to think the events of the past week or so is enough to send us right back in the the claws of a bear market, and possibly a recession.

However, as money flows out of the financial sector, it may be finding its way into a couple other sectors. We will take a look at one area of the market that has held up surprisingly well in the midst of all the chaos.

Technology Select Sector SPDR ETF (XLK)

The technology sector really shined yesterday with companies like Microsoft (MSFT) and Meta (META) posting impressive days, despite the banking industry getting hammered. If this strength continues, I would keep this ETF on my watchlist. As money flows out of one area of the market, it will likely find its way into another.

The individual names above are also something to keep an eye on as these could be the strong names in a weak market. Don’t jump in with both feet too soon, however, we are still in a precarious spot for the market with one bit of news being able to send us back to bear market territory. Watch the full video breakdown below!

And if you want to see the latest trade my students and I put on for my Smart Trades options trading service, you’ll have to join today! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!

I look forward to trading with you, but until then, as always…

Good Luck With Your Trading!

Christian Tharp, CMT

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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