Staples Strength vs the S&P
if you wan to catch up I recommend reading the following two posts:
this AM, our pattern that we have been following has completed. what does that mean? the pattern either works or it doesn’t … if it works then our thesis is that the staples (as a sector of the overall market) will start to outperform on a relative strength basis (no not the oscillator) the general market. when this has occurred in the past, it has very nicely timed inflections points to the down side in the market ….
stay tuned … the symmetry of the BUY pattern in PRICE and TIME is very powerful that this level should hold.