Market Recap For March 25th, 2022
Friday’s market was a back-and-forth affair. A new recovery high was hit, then a new low of the day, then back to the high, and down again, and back up.
Hard to work with that kind of day, but the bottom line it the rally that started two weeks ago is still intact, albeit overbought in the short run.
Yesterday’s Sector Performance
Energy has been taking turns in the top spot, getting back up there on Friday.
Technology fell to the bottom, a day after sitting on top.
Five-Day Sector Performance
Energy ended up doing enough to win the week handily over all other sectors.
Healthcare ended up being the only sector meaningfully in the red last week.
ETF Trade Watch
Utilities Select Sector SPDR (XLU)
Energy Select Sector SPDR (XLE)
It is always hard to make trading decisions with any degree of confidence if traders are uncertain of overall market direction.
Regardless, Energy and Utilities are moving higher, and that means that the XLU and XLE are worth a look for bullish trades.
Good luck!