Consumer Staple Remover
The consumer staples ETF, symbol XLP, is comprised of firms like Coca-Cola, Pepsi, and Procter & Gamble. (As someone who never drinks the sugar water called soft drinks, I marvel at how the country absolutely lives off this crap… but I digress). This ETF broke its extremely long-term channel a while ago and is perfected beautifully for a hard fall.
Looking closer, there is a medium-sized channel that also suggests a reversal (and I wouldn’t have even noticed it were it not for the new Instant Trendlines feature in SlopeCharts).
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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