ETF Sector Spotlight For 10/03/2022

October 1, 2022

Market Recap For October 3rd, 2022

Thursday’s end of day rally followed through at Friday’s open, but once again, the larger forces took over and new bear market lows were hit for the S&P and Dow.

The start of the week seems likely to start lower, but bearish sentiment and momentum are at extremes, extremes that typically appear at or near lows.

Yesterday’s Sector Performance

As bad as Friday ended, Real Estate finished firmly in the green.

Utilities brought up the rear once again.

Five-Day Sector Performance

Being that it was the on sector to have a few good days last week, it was no surprise to see Energy finish on top.

Likewise for Utilities, no real surprises there.

ETF Trade Watch

Real Estate Select Sector SPDR (XLRE)

Materials Select Sector SPDR (XLB)

Even though stocks look dead set on pushing lower, it may be more prudent to prepare for an impending rally.

The two sector ETFs that may be worth looking at above others might be the XLRE and XLB, based on Friday’s performance.

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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