XLP set to record its 8th up day in a row; currently 13.9 cents (0.19%) higher

After dipping down to $75.09, Consumer Staples Select Sector SPDR Fund regains earlier losses and goes up to $75.24.

Consumer Staples Select Sector SPDR Fund is currently trading at $75.24 following the release of JOLTs Job Openings (Feb) data from the United States.

Meanwhile, United States JOLTs Job Openings (Feb) released today at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.

Technical analysis trend indicators suggest that investors are seeking long positions as Consumer Staples Select Sector SPDR Fund price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Consumer Staples Select Sector SPDR Fund's upper Bollinger Band® is at $75.26, this is a slight indication of a slowdown. As the day gets underway, chart analysis suggests Consumer Staples Select Sector SPDR Fund could be slowing down soon as it approaches resistance at $75.41. Of course, crossing it might suggest further gains are ahead.

Notwithstanding Consumer Staples Select Sector SPDR Fund's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

At the same time, Caterpillar is down to $220.62, losing $9.25, after closing at $229.87 in the preceding trading session. BHP Billiton closed at $60.91 (down 3.03%). Boeing is down $5.41 from the beginning of the session and now trades around $209.98.

Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million, having previously been at -7.49 million. The figure will be published tomorrow at 14:30 UTC.

The market is looking forward to the release of new data: United States ADP Nonfarm Employment Change (Mar) is expected tomorrow at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) is scheduled for tomorrow at 14:00 UTC.

After hitting an important low of $66.5 approximately 5 months ago, Consumer Staples Select Sector SPDR Fund has bounced back 12.93% since.