Consumer Discretionary Sector Shines

03/27/2009 9:43 am EST


Thomas Aspray

, Professional Trader & Analyst


The S&P consumer discretionary sector appears to have completed a triple bottom that has formed in the RS over the past year. The move through the downtrend in the RS indicates that this sector should outperform the S&P 500. The sector has next resistance in the 175-180 area.

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