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Consumer Discretionary, Financials Market's Last Lines of Defense

|Includes: XLF, Consumer Discretionary Select Sector SPDR ETF (XLY)

This is the same title as a post yesterday, it is even more accurate now, with the weakness in tech today, XLK currently down -1.15%, as SPX clings to key support around 1080, currently 1082.96.  XLY consumer discretionary etf is up 0.50% at the moment, XLF financial etf is up 0.49%.  Should either start to go negative, especially XLF breaking key support at 14, currently 14.36, then the market is going to start to be in bigger risk of more than the just modest correction so far (see my Jan 23 "Emerging Markets Leading Global Markets Down" and Jan 24 "Market Risk Increases, 'Year of Populist Backlash'" ).  I don't have time to update the charts from yesterday's post here.