A Market Trend Setter

“You and I come by road or rail, but economists travel on infrastructure.” Margaret Thatcher

Dear Trader,

Welcome to today’s edition of Wall Street Connected.

We’ve wrapped up what was a volatile week on Wall Street. Tech stocks went through quite the sell-off, as indicated by the Nasdaq trading nearly four percent lower at some points in time.

Stocks also fell as a result of yields increasing due to the $1.9 trillion stimulus proposal.

While some of the world’s largest technology companies such as Apple, Facebook and Amazon fell, one industry continued to trade with strength and avoid uncertainty.

A recent outperformer by bullish trends in markets, oil and gas exploration and production is ranked #9 on top searched industries by total traffic amongst financial professionals over the course of last week.

The clock just started on the biggest financial event in 20 years (sponsored).

This industry ranked higher in financial professional searches than internet retail, which is interesting to see due to the inflow of internet retail popularity as a result of the COVID-19 pandemic, which has caused many consumers to stay-at-home.

The exchange traded fund which many traders and investors turn to when analyzing the price action of oil and gas exploration and production is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

On February 25, when the tech-heavy Invesco QQQ Trust (QQQ) closed below its 50-day simple moving average line support for the first time since October 28, 2020, XOP made a new one-year high of $85.63/share.

The recent strength displayed in the oil and gas exploration and production industry may be indicated by the prices of fuel having increased by as much as 25% at your local gas station.

TrackStarIQ Data

Here are some highlights from FA searches this past week…

RANK	TOP INDUSTRY (EQUITIES) BY FAs (Total Traffic) – This Past Week	TOP INDUSTRY (EQUITIES) BY FAs (Surging Traffic) – This Past Week	TOP SECTORS/CATEGORIES (ETFs) BY FAs (Total Traffic) – This Past Week	TOP SECTORS/CATEGORIES (ETFs) BY FAs (Surging Traffic) – This Past Week
1	Biotechnology	Engines & Turbines	Equity – Large Cap Growth Equities	Equity – Large Cap Value Equities
2	Auto Manufacturers	Coking Coal	Equity – Leveraged Equities	Equity – Latin America Equities
3	Entertainment	Home Furnishings & Fixtures	Equity – All Cap Equities	Multi-Asset – Preferred Stock/Convertible Bonds
4	Drug Manufacturers – Specialty & Generic	Building Materials	Equity – Technology Equities	Bond – Emerging Markets Bonds
5	Specialty Retail	Insurance agents, brokers, & services	Commodity – Precious Metals	Equity – Volatility Hedged Equity
6	Software – Application	Financial Conglomerates	Volatility – Leveraged Volatility	Equity – Communications Equities
7	Semiconductors	Auto Parts	Equity – Health & Biotech Equities	Equity – MLPs
8	Drug Manufacturers – General	Mortgage Finance	Equity – Alternative Energy Equities	Equity – Hedge Fund
9	Oil & Gas E&P	Travel Services	Equity – Materials	Equity – Emerging Markets Equities
10	Consumer Electronics	Home Improvement Retail	Equity – Energy Equities	Bond – Corporate Bonds
11	Diagnostics & Research	Drug Manufacturers – General	Equity – Small Cap Growth Equities	Equity – Building & Construction
12	Software – Infrastructure	Real Estate – General	Bond – Government Bonds	Equity – Europe Equities
13	Telecom Services	Agricultural Production-Crops	Equity – Financials Equities	Bond – Preferred Stock/Convertible Bonds
14	Auto Parts	Insurance – Specialty	Equity – Large Cap Blend Equities	Equity – Energy Equities
15	Internet Content & Information	Lodging	Equity – Consumer Discretionary Equities	Commodity – Agricultural Commodities
16	Medical Devices	Utilities – Regulated Gas	Equity – Small Cap Blend Equities	Bond – Leveraged Bonds
17	Computer Hardware	REIT – Industrial	Equity – Industrials Equities	Equity – Consumer Staples Equities
18	Aerospace & Defense	Department Stores	Volatility – Volatility	Bond – Inflation-Protected Bonds
19	Internet Retail	Steel	Equity – Global Equities	Bond – Total Bond Market
20	Credit Services	Metal Fabrication	Equity – Asia Pacific Equities	Bond – National Munis

What We’re Reading:

1. Personal Income and Outlays

2. Focus on the target, not the instrument

3. Has the Great Unravel Started?

What We’re Watching:

The pandemic has hit certain sectors more than others. While some sectors have suffered, others have thrived.

So which sectors should traders and investors be focusing on through the rest of 2021?

You can see the details in this new video.

What We’re Liking (Sponsored):

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P.S. We’d like to apologize for missing your inbox over the past few days as we’ve been resolving some technical tune ups, but as a loyal reader, we’d like to thank you for tuning into today’s edition of Wall Street Connected.