SELECT SECTOR SPDR CONSUMER STAPLES SECTOR ETF - XLP
Monthly chart shows support holding for now right off the Up trendline in place. 
Weekly chart shows large bullish engulfing reversal candle pattern, indicating early bulls stepped back into the market.
Daily chart shows price stuck in small consolidation/trading range. We should see some follow through to the upside next .... to the .786 fib target and test of the current $29.75 area high.
Saturday, March 22, 2008
Consumer Staples Sector Update for 03.22.2008
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