Saturday, March 15, 2008

Consumer Staples Sector Update for 03.15.2008

SELECT SECTOR SPDR CONSUMER STAPLES ETF - XLP

Monthly chart shows no buy signal/pattern evident at this time.

Weekly chart shows renewed selling pressure the past week. Look for a test of current low.

Daily chart shows increasing pressure evident with Friday's trading session. Look for a test of the current low and support of $24.40 level.

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