AMEX:XLP   SELECT SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX
This rotation into XRT from tech, seems like a bad sign to me. Institutions getting defensive? Nevertheless, I don't expect it to move much higher. I could be wrong...
Trade closed: stop reached: Wrong on this!
breakout according to your line?
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@ml02534, i'd need to see it convincingly take out today's highs for me to revise my opinion. The trendline was not meant to be definitive. 61.8% is being tested as are the recent highs. If anything it is more due for a drop now. I don't own XLP directly, but I've been short SJM and MNST. SJM is the one most testing my patience...
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