Another Sign of a Market Pullback: XLP

March 6, 2012

Last week’s heikin-ashi newsletter provided obvious bearish signs for the market (BID, WMT, Russell 2K).

Today, another one, this time from the defensive XLP (Consumer Staples Sector ETF) which goes higher despite market weakness.

In the lower pane, it’s worth noting (again and again) how a positive “failure” of SMA(3) alerts about a stronger uptrend ahead.

 

Another Sign of a Market Pullback 03/05/2012.jpg  XLP

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