AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
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This is supposed to be a defensive sector - well done.

The structure of this impressive rally for a sector that was historically boring is showing signs of possible completion....

XLP can't be that far from a decent correction or at least multi month flat trading.

Rates very low for long is probably the explanation... there is a limit to how far that can justify more progress.

Trading: Short 20% at 49 stop 55 (large enough, to avoid managing crystallization but would reconvene if something different occurs)
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