Consumer Staples At Risk
Tim Knight | Oct 24, 2017 12:36AM ET
Of the seven different put options positions I’ve got, NYSE:XLP (Consumer Staples) is probably my favorite, because its pattern is cleanest. From a long-term perspective, its uptrend is broken, even in this stupid new-highs-every-day market of ours:
Looking closer, you can see the topping pattern is almost complete. A break below 53.52 would seal the deal.
I think staples are definitely at risk.
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