XLP - when staples down as much as market you know it's trouble
Similar story to Utilities
When defensives are down as much as the market (-5%) you know you are in trouble
Again, I would have to say this seems like throwing the bay out with the bath water type of investor selling (indiscriminate) so we may be getting closer to a short term oversold low
When defensives are down as much as the market (-5%) you know you are in trouble
Again, I would have to say this seems like throwing the bay out with the bath water type of investor selling (indiscriminate) so we may be getting closer to a short term oversold low