Tom’s Weekly Newsletter: March 31st, 2021

Today was the last trading day of the first quarter and despite everything still NOT being back to normal in the US and the world, the Dow and S&P have fared pretty well.

Equities in the NASDAQ haven’t done as well (2nd chart image below). It is ever so slightly up on the year, but so far, it’s been basically flat from its open price the first trading day of the year until now.

Copyright 2021, Tom Gentile, Tom’s Trading Room, LLC – All rights reserved.

It seems there has a been a sector rotation of capital thus far this year.

The anticipation of the economy opening up more and more along with added stimulus money being put to work in the markets and the Fed saying there won’t be a rate hike through all of 2023 it seems to be benefitting other sectors besides technology.

I have written in prior reports it seems like the better performing sectors are Energy (XLE), Financials (XLF). and Industrials (XLI).

These ETF’s are showing the higher percentage moves on the year thus far.

You can import the lists components into the tools and run a variety of searches and scans on them for ideal trade setups.

I’ve written prior sections of this newsletter on how to do this and here is a video on how to do create lists of these ETF’s: https://www.youtube.com/watch?v=xGPz_lriGCQ

Tom Gentile
C1P Chief 1-Percenter