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david_ceballos

Long Consumer Staples

Long
SPDR Select Sector Fund - Consumer Staples (AMEX:XLP)  
david_ceballos Updated   
AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
Trend Analysis XLP S&P 500 (SPX500) Stocks consumerstaples
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trendanalysis xlp spx500 stocks consumerstaples
Some new bullish signals for Consumer Staples sector:

  • Solid Price action over SMA(20d) and SMA(50d).
    SMA(20) crossed the SMA(50) the last days of the past week (Golden Cross!).

A good strategy to go long is to wait for a correction around the SM(20d).

Comment:
Despite the SPX is forming a bearish pattern, the Consumer Staples remains attractive for the long side. Idea still open.
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