Wednesday, September 3, 2014

First Trust Cons. Staples Alpha ETF Chart - Yahoo! Finance

First Trust Cons. Staples Alpha ETF Chart - Yahoo! Finance



Here is an interesting Yahoo chart about a consumer staples ETF that has gained 23% in the past 12 months.  FXG may continue to do well regardless of how the economy performs.  Notice in the chart below that FXG had a huge volume buying spike in August.  When these skyscraper volume spikes occur in a fairly flat volume environment, it usually means a big price gain is coming soon.  Consumer staples are also safe most of the time, and they do better than most stocks in recessions.  Click on the chart below to expand it.




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