03/06 – 03/10 Consumer Staples

xlpd1        xlpw1

In general, consumer staples are considered to be non-cyclical, meaning that they are always in demand, no matter how well the economy is performing. People tend to demand consumer staples at a relatively constant level, regardless of their price.We see this on weekly and daily charts of XLP, regardless of the fact that most sectors have made new all time highs.

The prior pivots for trading this week is 55.48 and 54.88 on XLP, which are also the highs and lows on weekly chart of the last week. As long as XLP hold 54.88, stay bullish and watch for follow through to clear 54.48 and afeter to all time hi – 56 trading strong stocks. We a little  overbought, so bears can try to trap bulls after clearing 55.48 with a gap up or if they build up power and broke 54.88, see if they hold and watch for follow through to 54.56 and after to 53.30 trading weak stocks, so be very patient and don’t take too much size.

Technology Hardware, Stoarge & Peripherals : 

  • Strong Stocks : AAPL.

Personal Products : 

  • Weak Stocks : HLF.

Household Products : 

  • Strong Stocks : KMB, PG.

Tobacco : 

  • Strong Stocks : MO, PM, RAI.

Food Products : 

  • Strong Stocks : CAG, LW, BG.

Beverages : 

  • Strong Stocks : PEP.

Speciality Retail : 

  • Strong Stocks : FL.

Textiles, Apparel & Luxury Goods : 

  • Weak Stocks : KORS .

Leisure Products : 

  • Strong Stocks : HAS.

Auto Components : 

  • Strong Stocks : GT, BWA.

Containers & Packaging : 

  • Strong Stocks : WRK, BERY.
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