ETF Sector Spotlight For 02/10/2022

February 10, 2022

Market Recap For February 10th, 2022

Stocks were up in yesterday’s premarket, that is until the CPI numbers came out and sent stocks tumbling down more than two percent.

Markets rallied, with the Russell finding green and the S&P and Dow almost doing the same. However, everything rolled back over, leaving a bearish tone in the end.

Yesterday’s Sector Performance

Even though all sectors finished in the red, Materials held up best.

Utilities, Technology and Real Estate got hit the hardest.

Five-Day Sector Performance

Consumer Discretionary is still atop the market.

Real Estate and Utilities are now at the bottom of the week.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Utilities Select Sector SPDR (XLU)

Yesterday may have just been a blip before heading higher, but the day certainly wasn’t inspiring for the bulls.

If stocks are on their way down, Utilities and Real Estate may send both the XLU and XLRE even lower.

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.

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