Power Sector Review
January 10, 2022
A tough start to the year for many sectors, while a few shined. Mainly Energy and Financials. Selling has persisted and is continuing to weigh on the growth areas of the markets. While we are seeing a lot of rotation, the sector weightings of the stronger areas are not enough to offset the size of the draw from Information Technology and Healthcare, two of the biggest weightings we have. Things remain in a defensive posture as we go into the week.
Chart Highlights
This is a lot of pink and red in one place
In the second shot not only did the formatting and appearance improve greatly, so did the numbers sporting plenty of green.
Equal Weight SD
I am adding two different views of the Subsector Rankings. The top is the RS Gainers this week dominated by Energy and Financials, but a few decent looks outside of those two sectors as well.
I also wanted to add a quick view of the subsectors that started the year off with a positive week bucking the overall market weakness.
Here are the Sector ETF Tickers that I wrote in my notes. Each one caught my attention, but likely for various reasons depending on where the sector is set up:
RYE, XOP, AMLP, KBWP, EUFN, IAI, KBE, PICK, XME, WOOD, COPX, KXI, PBJ, RHS, EWRE, SCHH, RYU, IFRA, XLU, ITA, JETS, XTN, IYT, FIDU, RGI, RYT, IGN, EWCO, IYZ, PEJ, CARZ, PEJ, RCD, IHE, XLV, RYH
The video will take you into an overview of each sector we cover and how it currently looks. I mention a few tickers in the video of ETFs worth a look and have included a few more that caught my eye during the weekend review.
As always, I hope this helps!
