Consumer staples about to break support? by Chris Kimble | Jan 8, 2011 | Kimble Charting CLICK ON CHART TO ENLARGE XLP finds itself in a very tricky spot right now at (1) and (2) in the above chart. If the “Power of the Pattern” is correct, this ETF is about to head lower! 2 Comments Chris Kimble on 01/09/2011 at 10:08 PM William…. Staples could break the pattern to the upside, yet if the odds play out on staples and they turn south, staples moving down hasn’t been that sweet for the broad markets. william on 01/09/2011 at 1:36 PM Chris, any opinion of how this relates to bonds if at all? I’ve assumed in the past that consumer staples were bonds in disguise and that a higher ten year yield posed problems for stocks in this sector particularly.