While the broad market has been declining the Consumer Staples sector (XLP) has risen over 2 1/2%.
(Click on chart for easier viewing)
We are nearing an area that should act as support for the broad markets. If that support area is breached to the downside the odds of a full market correction would go up. If that turns out to be the case I would become even more defense or possibly even play the downside with inverse ETFS (the equivalent of shorting the market for moderate to aggressive accounts.
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