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Trading Strategy – Consumer Staples Select Sector SPDR ETF

  Retail giant Wal-Mart announced a $20 billion buyback before the bell and reiterated its earnings outlook for the current fiscal year. The news sent the Consumer Staples Select Sector SPDR ETF (XLP) higher nearly 1 percent.  In fact, according to our “U.S. Market Trading Map”, Tuesday’s rally indicated an impending bullish turnaround. Below is …[read more]

Trading Strategy – Consumer Staples Select Sector SPDR ETF

  One of the noteworthy developments in September has been the move in consumer staples.  After a strong run of outperformance in late 2016, the sector topped out in early June and trended steadily lower.  The Consumer Staples Select Sector SPDR ETF (XLP) down 1.3 percent MTD while the S&P rose 1.6 percent.  Now the …[read more]

Trading Strategy – Consumer Staples Select Sector SPDR ETF

  After peaking in early June, consumer staples stocks has been trending lower as traders justify the underlying valuations. The Consumer Staples Select Sector SPDR ETF (XLP) underperformed Thursday, fell to the lowest level since early May, suggesting the pain trade could be continued for sometimes. Below is an update look at a trade in …[read more]

Trading Strategy – Consumer Staples Select Sector SPDR ETF

  Some of the themes seen through the first four months of 2017 have continued Thursday, the last trading day of May. The consumer staples sector, the sixth largest sector weight in the S&P, made another 52-week high and YTD is up nearly 10%. According to our “U.S. Market Trading Map”, there could be more …[read more]

Trading Strategy – Consumer Staples Select Sector SPDR ETF

  Over the last five sessions consumer staples have outperformed the major index with nearly 2 percent gain. The Consumer Staples Select Sector SPDR ETF (XLP) broke out to new high Wednesday. The question is whether or not the rally has some legs? In accordance to our “U.S. Market Trading Map”, there could be more …[read more]

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