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One of the noteworthy developments in recent days has been the move in defensive stocks. The groups were under tremendous selling pressure since the start of the year following a lack luster 2017 that saw the Consumer Staples Select Sector SPDR ETF (XLP) added just 10 percent, underperformed the S&P by a wide margin.  Now the question is whether recent selloff a beginning of an end or there’re more pains ahead?  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 red (sell) – see area ‘A’ in the chart.  Over the past few weeks, XLP has been trending lower after the late February oversold relief rally ran out of steam just below 56, a key technical level.  This week’s selloff pushed the ETF below…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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