Defensives need a strong pullback

SPDR Select Sector Fund - Consumer Staples (AMEX:XLP)

AMEX:XLP SPDR Select Sector Fund - Consumer Staples

Consumer staples seem to be strongly overbought, the downturn is obvious, this will help other sectors in terms of money flows rotation. No good buys in sector, everything is overvalued - tells you something, doesn't it

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