Consumer Staples Stocks Lead the Market
The Consumer Staples SPDR (XLP) shows more "chart" strength than the S&P 500 SPDR (SPY) because it broke out to new highs this week. SPY, on the other hand, remains well below its September high. The CandleGlance chart below shows six leading consumer staples stocks. Five surged above their September highs and show chart strength. Procter & Gamble, the sixth, is less than 2% from its September high. Relative strength in the consumer staples sector shows a penchant for defense in the stock market.

Click this image for a live chart.