VDC $VDC Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Defensive / consumer staples no longer "safe" from Mr. Market: In order: SPY VDC IYK FSTA FTXG
Consumer staples/Consumer defensive stocks are a sector that is exactly what the name suggests. They are products and services that no matter the situation consumers are unable or unwilling to go without. Examples include, Walmart, Costco, Coca-Cola, Colgate-Palmolive, etc. These big name household staples are unlikely to give you the astronomic growth of the...
Is it going to break out (with a 40 week MA ticking up)? Quite possible in the next several weeks. We will watch this ratio closely as each time it breaks out, market is in rout.
Consumer Staples are breaking out of their highs, whilst the overall index driven by tech stocks is rallying on extreme momentum. Whilst the spread could widen further, the return to risk seems in favour of rotating into Consumer Staples, 30% behind in just 2 years. In 2007 to 2009 financial crisis, Consumer Staples fell only 30% against the broad market that...
Consumer Staples including Procter & Gamble and Coca-Cola are lagging the rest of the market by 20% in the last 12 months. This is extreme, and whilst the S&P500 has gained another 6% in 2018 YTD, these Consumer Staples firms have consolided near their highs. Yesterday's session saw them break through this ceiling. View: Long VDC, Short SPX as a defensive...