Consumer Staples Sector Update for 03.01.2008

SELECT SECTOR SPDR CONSUMER STAPLES ETF - XLP

Monthly chart shows weakness and February's trading activity shows indecision between the bulls and the bears. Look to next week's trading activity for indication of direction.

Weekly chart shows selling pressure with last week's trading activity. Look for continuation and test of current support.

Daily chart shows kicker type signal pattern created by Friday's trading activity, as sellers gapped down prices in their haste to exit their positions. Look for continued weakness and downside target of .618 fib at $25.75 area as the minimum target.