XLP (consumer staples ETF) had a very impulsive gap & breakdown today. Several key staples companies such a WMT, COST, WBA, CVS & to a lesser extent (weighting-wise but not percentage loss), KR mentioned in the trading room earlier all down big so far today. XLP daily June 16th At a weighting of [...]
This video covers the consumer staples sector via XLP as well as some of my favorite individual stock trade ideas within the sector. Please log in or sign up for your free 3-week trial to view.
As expected, it didn't take long (less than 24 hours since yesterday's post) for the retail stocks to break down. In addition to the four existing Active Short Trades that are components of XRT (COST, RAD, ORLY & NFLX), four additional retail stocks have been added as new trade setups so far today: ABG, SSI, [...]