‘Consumer Staples’ Archive

Twin Peaks in TLT? Consumer staples on support…

10/06/2011, filed under Consumer Staples, Govt. bonds; 4 Comments.

CLICK ON CHART TO ENLARGE TLT is back at its 2008 highs….”Twin Peaks” in play along (1)?  Check out the action in the inset box of TLT along line (1)..NOT BULLISH, yet Support line (2) remains in place.  A break at (2) should usher in a ton of sellers, as it did in 2008!  At [...]

Defensive ETF’s starting to act weak?

06/02/2011, filed under Consumer Staples, Utilities; 4 Comments.

Consumer Staples (XLP), Utilities (XLU) and Health Care (IYH) have reflected very good relative strength over the past 4 months, outperforming the S&P 500 by a good percentage (see inset in 3-pack below).  Of late though these often viewed “defensive ETF’s” have broken a key support line that could be sending a macro message to [...]

Consumer staples about to break support?

01/08/2011, filed under Consumer Staples; 2 Comments.

CLICK ON CHART TO ENLARGE XLP finds itself in a very tricky spot right now at (1) and (2) in the above chart. If the “Power of the Pattern” is correct, this ETF is about to head lower!