Consumer Staples Sector Update for 03.28.2008

SELECT SECTOR SPDR CONSUMER STAPLES ETF - XLP
SELECT SECTOR SPDR CONSUMER STAPLES ETF - XLP

Monthly chart shows support holding at the $26.5o level. Look for test of $29.82 area top as possible.

Weekly chart shows last week's trading activity created a doji, signally indecision between the bulls and the bears. Look to next week's trading activity for better direction.

Daily chart shows that the bulls were unable to take the price higher, despite a strong opening at the beginning of the week. At this point, price is stuck between large trading range. Look to next week's trading activity for better sense of direction.