Here we broke through the lows, that confirmed that this sector is weak. So here is a simple setup. I want in if and only if we have a lower low , immediately XLP makes higher highs , I would be wrong.
Staples has lagged behind compared to other sectors with positive estimate revisions. Consumer staples is among the worst performing sectors in the s en p 500 over the last twelve months. Buy what is cheap.
Consumer Staples including Procter & Gamble and Coca-Cola are lagging the rest of the market by 20% in the last 12 months. This is extreme, and whilst the S&P500 has gained another 6% in 2018 YTD, these Consumer Staples firms have consolided near their highs. Yesterday's session saw them break through this ceiling. View: Long VDC, Short SPX as a defensive...
The Consumer Non-Cyclical Sector SPDR Fund has been in a bull trend since the end of the financial crisis. An internal and stronger bull trend has taken shape since shortly after the US elections in November 2016. However, this fund is currently near its long-term resistance point which will most likely lead to one of two future moves. The fund could break above...