XLP is the Consumer Staples Sector. For the last 30 trading days, it has been up 1.47%. For the last 60 trading days, it has been up 3.72%. Through the bearish mode in the market, consumer staples sector has held up very well. Usually, when people thing a recession is on the way, Consumer Staples is the most bullish of all sectors.
On the Ichimoku System, XLP is still bullish. We are going to enter with a stop of 27.50. Options are available for this sector.
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