ETF Sector Spotlight For 03/21/2022

March 21, 2022

Market Recap For March 21st, 2022

In yesterday’s Spotlight, it was stated that traders should be prepared for a pullback after such a large rally. Monday seems to be confirming that,

Odds would seem to favor a continuation of Monday’s weakness, but the market is certainly allowed to rally further, should it deem to do so.

Yesterday’s Sector Performance

Energy finally rebounded to the top of the market,

Services and Discretionary were the weaker sectors.

Five-Day Sector Performance

Discretionary is still on top of the week.

Energy moved out of the cellar, replaced by Utilities.

ETF Trade Watch

SPDR S&P Oil & Gas Exploration & Production (XOP)

Energy Select Sector SPDR (XLE)

Even though markets may very well be gearing up for a pullback, but oil appears to be revving back up again.

A couple of ETFs to consider for bullish trades could be either the XOP or XLE, although they are similar trading vehicles.

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.