ETF Sector Spotlight For 02/11/2022

February 12, 2022

Market Recap For February 11th, 2022

Thursday finished on a bearish note, so it was no real surprise that Friday saw a follow through to the downside.

Likewise, Friday’s decline was not only bearish, but key levels were taken out along the way. This week should start off lower.

Yesterday’s Sector Performance

Thanks to Russia-Ukraine tensions, Energy ended firmly in the green.

Technology and Discretionary stocks took the biggest hits.

Five-Day Sector Performance

Energy ended up winning the overall week as well.

Communication Services were the weakest sector by week’s end.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Communication Services Select Sector SPDR (XLC)

As the possibility of war looms, oil prices could push higher, and that means ETFs like the XLE may continue to hit new highs.

On the complete opposite side of the spectrum is Communication Services, which have now sent the XLC to new lows.

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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