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Consumer Staples ETF: A Sign Of More Market Weakness Ahead?

The strength in the Consumers strength ETF since the beginning of February may be a sign of things to come, while the strength in this sector is not always a guarantee of a weakening market, one cannot ignore the recent rise.Generally defensive consumer staple stocks are laggards in a bull market, but the rise in this sector has to give the trader pause as to the markets general health and trend going forward.Below is a chart of the Select Consumer Staples ETF (NYSE:XLP), traders can see the rise from the early February period thru today. Currently forming a bullish Reverse Head and Shoulders breakout formation, along with a volatility squeeze, could this sector be ready to breakout just in time for a market slowdown this spring?A trader may purchase this ETF if and when it breaks out above the trend line or squeeze on heavier than normal volume. Slightly higher than normal implied volatility relative to its past may suggest selling spreads to collect premium. A put spread below the ma...

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  1. Consumer Staples ETF: A Sign Of More Market Weakness Ahead?

    The strength in the Consumers strength ETF since the beginning of February may be a sign of things to come, while the strength in this sector is not always a guarant...

  2. Molson Coors Adj. Rofit Slips On Higher Tax Rates

    Molson Coors Brewing Co. reported its fourth-quarter adjusted profit fell 0.2% to $125.8 million, or 68 cents a share, from $126.1 million, or 69 cents a share, a ye...

  3. Americans Gulp Down More Molson Coors Beer

    Coors Light and Blue Moon parent Molson Coors Brewing (NYSE:TAP) recorded better-than-expected third-quarter earnings on Wednesday as its U.S. subsidiary MillerCoors...

  4. Molson Coors' Profit Surges 165% on Higher Demand

    Fueled by a surge in worldwide beer volume, Molson Coors (NYSE:TAP) posted a much stronger-than-expected second-quarter profit on Tuesday but warned the consumer mar...

  5. Molson Coors Shares Up As Earnings Beat Estimates

    Molson Coors Brewing Co. said Tuesday its second-quarter profit rose to $278.4 million, or $1.51 a share, from $105.2 million, or 57 cents a share, in the year-ago p...

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