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One of the more noteworthy developments in recent days has been the move in defensive stocks.  After a lackluster 2017 that saw the Consumer Staples Select Sector SPDR ETF (XLP) rose just 10 percent, underperformed the S&P by a wide margin, the ETF sold off sharply this week, down 3.6 percent, slightly outperformed the S&P.  Now the question is whether this week outperformance is a beginning of a new trend or it’s a just a temporary pause prior to new downswing?  Below is an update look at a trade in XLP.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – Consumer Staples Select Sector SPDR ETF (weekly)

Our “U.S. Market Trading Map” painted XLP bars in green (buy) – see area ‘A’ in the chart.  The ETF had been trending lower in a medium-term correction after the early November 2017 rally ran out of steam near 59.  This week’s massive selloff pushed XLP…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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