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bernard.ng
Sep 9, 2014 12:42 PM

Long XLP, Short XLY Long

XLP/XLYArca

Description

Long Consumer Staples, Short Consumer Discretionary

A defensive pair for major market correction at historical low level.

The pair is breaking out from a four months correction.

Expecting it to run back to 0.7, indirectly hinting for a potential S&P correction is coming.
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