ANOTHER REQUEST IYK

The chart above is the IYK, the ETF for the consumer goods sector. The major components are PG MO PEP KO BUD and CP. I would call this the ETF to own if economic activity slows due to higher oil prices, higher interest rates, plunging housing prices or anything else one can imagine. The stocks have been outperforming lately and they may be a good place to hide. Recently, technology stocks have been under pressure as one can clearly see by the action in the QQQQ and SMH ETF's, and the action in some recent favorites such as MRVL BRCM AAPL GOOG and just about any other high flyer.

This chart has the characteristics of higher highs and may be a good acquisition on a pullback to the 53.75 area. This ETF will not be a home run, but it may keep you out of trouble.