Market Recap For February 4th, 2022
The major indices waffled back and forth on Friday, ultimately moving somewhat higher, depending on which index.
Friday’s last 30-minute decline into the close was not terribly thrilling if traders were looking for a sign to get bullish again.
Yesterday’s Sector Performance
Consumer Discretionary was the big winner on Friday.
Materials were the biggest losers.
Five-Day Sector Performance
Energy finished as the winner of the week.
Real Estate, Communication Services and Materials all ended slightly in the red.
ETF Trade Watch
Materials Select Sector SPDR (XLB)
Consumer Discretionary Select Sector SPDR (XLY)
Friday seemed a bit indecisive, although leaning slightly to the bullish side. For those looking to take a bullish stance, the XLY may be the way to go.
However, if Friday was just a pause before further weakness, the bears could hop on the XLB for lower lows.
Good luck!