ETF Sector Spotlight For 06/24/2022

June 26, 2022

Market Recap For June 24th, 2022

Friday’s Spotlight called for higher prices to come, and the last day of the trading week clearly did not disappoint.

The rally to end the week is obviously still intact, so higher prices should follow this week. Pullbacks should be expected along the way.

Yesterday’s Sector Performance

Materials stocks led the market on Friday, just edging out Services.

Energy finished in the green, but at the bottom, overall.

Five-Day Sector Performance

Discretionary won the week, with Services, Real Estate and Tech right behind.

If you follow these Spotlights, it should be no surprise to see Energy at the bottom.

ETF Trade Watch

Communication Services Select Sector SPDR (XLC)

Materials Select Sector SPDR (XLB)

Communication Services finished near the top of both our daily and weekly gauges, so watch for the XLC to run with the rally.

Materials popped to the top, somewhat out of nowhere, possibly signaling the start of an outperforming move with the XLB?

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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