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XLP - when staples down as much as market you know it's trouble

SPDR Select Sector Fund - Consumer Staples (AMEX:XLP)  
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AMEX:XLP   SPDR Select Sector Fund - Consumer Staples
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Similar story to Utilities
When defensives are down as much as the market (-5%) you know you are in trouble
Again, I would have to say this seems like throwing the bay out with the bath water type of investor selling (indiscriminate) so we may be getting closer to a short term oversold low
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