The Traderszone Network

Published in TZ Latest News 21 February, 2015 by The TZ Newswire Staff

Defensive Stocks Lagging Although One Group Poised For Rebound

We’ve seen a very nice rally in U.S. equities during February, erasing all of January’s losses with most of our major indices now breaking out to all-time highs.  The NASDAQ has been leading the charge and that indicates that we’re in a “risk on” environment, which is bullish for equities.  Confirming that bullish environment is the relative performance of consumer discretionary stocks (XLY) vs. consumer staples stocks (XLP).  In my last article, I provided a chart of the XLY showing the breakout that occurred in early February.

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