Staples Holding Up

11/12/2008 9:23 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

One of the market sectors that is performing better than the overall market is consumer staples, as represented by XLP. The chart shows first resistance at $25.50-$26.30, with the declining 200-day MA at $27.30. Key support to watch is at $22 -$22.50, as a close below $22.22 would be negative.

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