Market Recap For October 19th, 2021
We continue to forecast the market’s higher prices, and the market keeps obliging, as it did yesterday. All major indices rallied, one again.
Even though all signs still point higher, the major indices are all approaching all-time highs, and that could be all stocks need to start a pullback.
Yesterday’s Sector Performance
For the first time in a while, Healthcare found itself on top of the market.
After leading for the past few days, Consumer Discretionary took a break.
Five-Day Sector Performance
Thanks to the Consumer Discretionary pause, Technology now leads the week.
Consumer Staples are now at the bottom of the week.
ETF Trade Watch
Technology Select Sector SPDR (XLK)
Healthcare Select Sector SPDR (XLV)
Tuesday finished on yet another bullish note, so the rally is clearly still in effect. At some point, there will be a pullback, but there are no signs of it yet.
Until there is, the current leaders are now Technology and Healthcare, and that brings the XLK and XLV up to the forefront.
Good luck!