ETF Sector Spotlight For 12/02/2021

December 2, 2021

Market Recap For December 2nd, 2021

In somewhat of a surprise, markets barely dipped at all yesterday, a day after it seemed almost guaranteed that they would drop further.

Thursday’s close was a cautiously bullish one, but it took place within the context of a week where stocks have bounced back and forth.

Yesterday’s Sector Performance

Industrials jumped to the top after having been one of the weaker ones.

Healthcare struggled to eke out some green.

Five-Day Sector Performance

Technology is still at the top of the past trading week.

Communication Services and Energy are tied at the bottom.

ETF Trade Watch

Industrial Select Sector SPDR (XLI)

Energy Select Sector SPDR (XLE)

Thursday finished on a bullish tone, albeit a nervous tone. If the rally extends further, Industrials and Energy may continue to recover strongly.

The XLI and XLE had great days yesterday, and neither have the look of being finished to the upside.

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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