Market Recap For September 13th, 2021
The week started off higher, but the rally was sold into, as expected. However, the Dow held firmly in the green, and the S&P also manage to end above water.
Yesterday’s close was inconclusive, at best. A case could be made for a move either way, so it may be best to just sit tight for a while.
Yesterday’s Sector Performance
Energy had another good day, as did financials.
Healthcare was the weakest sector.
Five-Day Sector Performance
Thanks to yesterday’s move, Energy is now the only sector in the green.
Real Estate and Healthcare are under the most pressure this past week.
ETF Trade Watch
Energy Select Sector SPDR (XLE)
Healthcare Select Sector SPDR (XLV)
If markets rally, Energy is poised to be one of the leaders, and that is why traders might want to keep the XLE ready on standby.
However, if an extension of the decline is coming, Healthcare is not performing well, and that could lead to problems for the XLV.
Good luck!