SPDRs Select Sector Consumer Staples ETF (XLP) weekly
Looking at the weekly chart note the green arrows; all good buy opportunities as price trades down into support, the lower upwards sloping trend line, and then continues higher. This really looks like it has more legs.
SPDRs Select Sector Consumer Staples ETF (XLP) daily
Looking a bit closer at the daily chart we will set risk with closes below trend line support; approximately 3%-4% risk. Good risk/reward on this one.
Hold all other open positions and enjoy this while it lasts. Giddy up.
Trade Smart,
Don