Back Above The “Flash Crash”:

The consumer staples sector on a YTD basis became just the third major S&P sector to climb into positive territory. Although this is not the best sign for growth investors, the space has its share of individual winners that market participants can focus upon. A stat growth investors can take pleasure in is on the last one and three month look back periods the XLP is just the ninth and tenth best performing major S&P sectors respectively. Below is the PRICE chart of the fund and Monday it broke above a bull flag formation and that overall could be considered a positive if looked upon as overall broadening participation. Concentrate as always on leaders within with examples like K now above a bullish ascending triangle, or HSY forming a bull flag pattern of its own. Even some recent new issues like DNUT look attractive, albeit it did record a nasty reversal Monday (of course this has come public a few times) or even a COCO. The stock blasted above a cup with handle pivot of 13.32 today. Monitor the action here from RAD which quickly doubled and is now above its 200-day SMA and the very round 10 number too.

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