XLP Consumer Staples Select Sector SPDR Fund

Consumer Staples vs The Market - first 52 week low since June $XLP $SPY lots of 'firsts since June' out there these last few days

$XLP vs $XLY monthly chart. staples vs discretionary. break downs in this tend to lead to up moves in markets suggesting risk on. eventually this will break the massive monthly multi decade wedge. likely this breaks down soon as the next 2-3 Q's looks relatively bullish bias $SPY $QQQ

$XLP Forward PE of around 24-25 is stupidly high given consumers are having to make budget cuts. I can see this trading down to a forward PE of 18.

Upcoming dividends payable on the 23rd for our accounts: $XLP $XLU $XLF $XLI A great added bonus for these positions at attractive risk/reward levels. Rsis all in the 30s. Which of these are you invested in?

📉 $XLP — Bearish Sequence Still Has More Downside Ahead Structure: XLP remains on the Right Side lower below 88.80. The decline continues to unfold impulsively, with waves i–ii complete and price now working through wave iii. 🎯 Expected next move: continue lower toward the 79.00–79.50 area in wave iii → corrective bounce in wave iv → then another decline to complete the bearish sequence. 🔑 Key level: 88.80 #XLP #ConsumerStaples #ETFs #ElliottWave #Trading

Portfolio managers really do not want to report that they held Consumer Staples $XLP this quarter, dumping them before the month comes to a close. The Staples ETF has charted a bearish engulfing candlestick today, falling back towards the lows of the year. #WindowDressing

$XLP sector was hurt by rising interest rates leading to short term strength in the US dollar. This hurts multinationals like PG and PEP that get a lot of sales abroad.

$XLP under $82 made another cost average buy. Nearer a full allocation at 4.9% of two of our accounts. Also added some more $XLU at fresh lows. Risk/reward