Sep
23
Consumer Staples
ByThe consumer staples sector is a defensive sector that typically outperforms in the summer months. This summer, although it is positive, it has underperformed the consumer discretionary sector as the market has pulled ahead. Although the sector only has a short distance to its resistance of $26, it is still a solid sector that does well in October. If the market creeps up in October watch for this sector to hit $29.
It is also a good sector to rotate with the discretionary sector as both sectors are consumer based. The time to rotate into the discretionary sector is October 28th. As a bonus, this sector benefits from a falling U.S. dollar. and recently the dollar has been on a slide.
