ETF Sector Spotlight For 11/25/2022

November 26, 2022

Market Recap For November 25th, 2022

Not much worth noting happened on Black Friday, as stocks ended up mostly flat during the holiday shortened trading.

The S&P and NDX would seem to have at least another 1-2 percent of rally left in them before major resistance areas are reached.

Yesterday’s Sector Performance

Real Estate, Utilities and Healthcare closed together at the top of the market.

Tech and Services finished at the bottom on Friday.

Five-Day Sector Performance

Utilities ended up as the winners of the week.

The only sector to end the week in the green was Energy.

ETF Trade Watch

Energy Select Sector SPDR (XLE)

Utilities Select Sector SPDR (XLU)

Energy’s recent weakness has been driven primarily by the decline in oil prices, but the XLE has actually hung on relatively well.

Although it can be tempting to get long the XLU, thanks to the performance of Utilities over the past week, but the ETF is looking stretched at this juncture.

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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