Click to Enlarge
The consumer staples were up nicely on Monday as XLP tested the converging 50- and 200-day MAs before closing on the day's highs. The RS line is back above its WMA, but is still below short-term trend line resistance. If more selling hits the overall market, I would expect this sector to hold up better.
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Get an edge on the markets with our three-times-a-week trading newsletter, Trading Insights. Receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
