UnknownUnicorn13101

XLP Staples (daily chart outlook)

Long
AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
XLP has based around it's POC, which is a high volume apex. It has retraced 50% from B to C, and another 50% from C to D, along a low volume node. Furthermore, the Relative Rotation is showing staples in the improving quadrant on the daily, although it is still in the lagging quadrant on the weekly (www.relativerotationgraphs.com).

Always looking for additions to the portfolio (long holds), I will be scouting for some prospects -- but only if insanely cheap with sound financials........
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