The strength in the Consumers strength ETF since the beginning of February may be a sign of things to come, while the strength in this sector is not always a guarantee of a weakening market, one cannot ignore the recent rise.
Generally defensive consumer staple stocks are laggards in a bull market, but the rise in this sector has to give the trader pause as to the markets general health and trend going forward.
Below is a chart of the Select Consumer Staples ETF (NYSE: XLP), traders can see the rise from the early February period thru today. Currently forming a bullish Reverse Head and Shoulders breakout formation, along with a volatility ...
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