Trend following the Consumer Staples Select Sector Index $IXR $XLP $NEED .. another in a series of routine Weekly Breakouts. The Index is trading at or in excess of a 15% annualized growth rate over a 200 day ma.
stock chart of the Consumer Staples Select Sector Index
Market trend continues upward
Trend following today The Consumer Staples Sector $IXR $XLP which trades upward to a new 52 week high, as The Nasdaq 100 Index $NDX pulls back.
Capital continues to pour into the US, and rotates, notwithstanding the professional doom and gloom crowd. One of the doom indicators they use, and recycle, is volume. They have been saying that since 2008.