ETF Sector Spotlight For 06/27/2022

June 27, 2022

Market Recap For June 27th, 2022

As stated in yesterday’s spotlight, pullbacks were to be expected. Monday got the week started with one of those foreseen pullbacks.

Unless that was the end of the rally, which is always possible, higher market prices should be coming from here.

Yesterday’s Sector Performance

Energy finally crawled out of the cellar to lead the week off.

Discretionary and Services were the weaker sectors.

Five-Day Sector Performance

Healthcare is now on top of the market again.

Energy might still be at the bottom, but at least it is now in the green.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Healthcare Select Sector SPDR (XLV)

Although it may be too early to say the Energy rally is back on, it may be worth watching the XLE for bullish trading opportunities.

There is no doubt that over the past week or so, the XLV has benefited from the outperformance of the Healthcare space.

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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