Toscana
Long

US sectors – just some thoughts

AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
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It was a very impressive week for XLP – actually it’s 3rd impressive week in a row. What is XLP? Milk, bread, salt, cigarettes. Just when do we usually have a higher demand for this? Anticipating the tough times to come.
I monitor XLP and its correlations with other ETFs to get a bigger picture and – probably - some real advance signs of what to expect. This winning streak might mean to at least watch the market even more closely – in any case it’s gonna be easier to trade some strong moves if you prepared.
A little less impressive picture –but still - in another defensive sector XLU .

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