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Short

XLP - weekly at trendline, watch weakness.

AMEX:XLP   CONSUMER STAPLES SELECT SECTOR SPDR FUND
xlp
8 0 2
xlp
Surprisingly, during the rise in 2016 in the general market, defensive sectors like Utilities and Consumer staples             were bid up, in search of yield and dividends. If the Treasury Yield goes UP, or any rate hike actually happens, some funds and big investors will move out of stocks ( even defensive ones such as XLP             or XLU             ).

Watch major support ( weekly ) around 52.00 USD.
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