XJO once again defies a fall in the U.S. Market. XJO was down heavily in the first half-hour but has since rebounded. Now up +0.21%. 5-Day chart below.
But ... the market is very lopsided. Energy up +3.62%. Materials up +2.61%. Then it tails off quickly.
Utilities +0.22%. Health Care +0.06%. Consumer Staples +0.07%.
Every other sector is down. Real Estate, Financials, Consumer Discretionary all down more than -1%. Communication Services down -0.99%.
The resource sectors are benefitting from the geopolical problems in Eastern Europe. (That's a euphemism for WAR.)
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