Market Recap For September 14th, 2021
The market’s feeble attempt at a rally to start the week was quickly squashed yesterday as all major indices hit new pullback lows.
Like Friday, the decline doesn’t appear to be over. That being said, the 50-day MA has been a strong support area for the S&P all year.
Yesterday’s Sector Performance
Healthcare and Technology held up relatively well during yesterday’s decline.
Energy stocks struggled the most, followed by Financials.
Five-Day Sector Performance
Energy is still the only sector in the green, but falling back to the pack.
Real Estate and Healthcare are still under the most pressure this past week.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Healthcare Select Sector SPDR (XLV)
Considering the market, and the Nasdaq, struggled quite a bit yesterday, it’s encouraging to see Technology hold up well, along with the XLK.
Healthcare was having a rough go of things for a while, and now it appears the sector is trying to rebound, while the XLV tries to put in a low.