ETF Sector Spotlight For 01/25/2022

January 25, 2022

Market Recap For January 25th, 2022

Expectations for a follow through did not materialize on Tuesday, but that weakness did not lead to a break of Monday’s lows.

For now, the forecast for a higher move is intact, but bullish traders are likely not too energized by yesterday’s closing hour.

Yesterday’s Sector Performance

Energy stocks had a big day on what was otherwise a downer.

Communication Services and Technology were the weakest sectors.

Five-Day Sector Performance

Thanks to yesterday’s pop, Energy is now back on top of the weekly chart.

Discretionary is still in the basement, followed by Communication Services.

ETF Trade Watch

Communication Select Sector SPDR (XLC)

Consumer Discretionary Select Sector SPDR (XLY)

Traders should still be leaning towards the bullish side, but there are obviously never any guarantees with the market.

If stocks fail to move higher, traders should plan to look for bearish opportunities in the XLC and XLY.

Good luck!

About The Author

Christian Tharp, CMT

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.

See author's posts

Newsletter Sign-up

Get Exclusive Invitations To Weekly Training Session, World Class Market Analysis, and Exclusive Subscriber Online Events… All FREE!

Your contact information is completely safe with us. We use state of the are encryption and digital security. We will never spam you. We hate spam as much as you do.