ETF Sector Spotlight For 03/23/2022

March 23, 2022

Market Recap For March 23rd, 2022

Caution has been advised over the past few days of the market rally. Yesterday demonstrated why there was a concern. All rallies end, eventually.

After the run the market has been on, an extension of the pullback would seem to be in order. Multiple levels failed to hold up yesterday.

Yesterday’s Sector Performance

Energy rebounded from Tuesday, extending the rally that started on Monday.

Financials took the biggest hits, followed by Healthcare.

Five-Day Sector Performance

Energy is now back at the top of the market, dethroning Consumer Discretionary.

Real Estate is barely in the green over the past trading week.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Energy Select Sector SPDR (XLE)

With the market looking as if it will decline further, the XLRE may be one of the better ETFs to analyze for bearish trading opportunities.

Energy looked as if it was out of gas on Tuesday but rebounded nicely on Wednesday. This may mean the XLE has more highs left in it.

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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