ETF Sector Spotlight For 12/06/2021

December 6, 2021

Market Recap For December 6th, 2021

Friday ended on a positive note, and there was a strong possibility that this week would start off the same. Sure enough, Monday brought a rally.

Yesterday’s close was a solidly bullish one, but the slight fade at the close looked similar to Monday and Thursday of last week. The following days were down days.

Yesterday’s Sector Performance

Industrials stocks barely won the day.

Healthcare finished in the green, but at the bottom.

Five-Day Sector Performance

Utilities are still on top of the week, but that will likely change soon.

Consumer Discretionary is still at the bottom of the week.

ETF Trade Watch

Consumer Staples Select Sector SPDR (XLP)

industrials Select Sector SPDR (XLI)

Markets attempted to rally once again. The question now is whether or not that rally will see follow through this time.

If yesterday’s rally can extend, Industrials and Consumer Staples may lead the way, and that puts the XLI and XLP in the spotlight.

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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