Market Recap For September 16th, 2021
Markets starting yesterday off a little lower was not much of a surprise, but the extent of it was more than one might have expected.
Regardless, stocks rallied, eventually making their way into the green at one point, before finishing somewhat mixed. Prices still look set to move higher.
Yesterday’s Sector Performance
Consumer Discretionary was the only sector meaningfully in the green.
Materials and Energy struggled the most.
Five-Day Sector Performance
Energy is still way above and beyond the rest of the market.
Utilities is still the biggest weekly loser.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Consumer Discretionary Select Sector SPDR (XLY)
Energy took a break yesterday, but with oil still appearing to want to move higher, the XLE should be considered for bullish plays.
If the market is looking to head higher from current levels, Consumer Discretionary may lead the way, in turn taking the XLY with it.