We are noticing a shift in the sectors that are being invested in. The Food and Household index is one such sector. Attached are charts of three key stocks that make up this sector, Coca-Cola Amatil, Goodman Fielder and Ridley. All are considered defensive stocks meaning that in times of uncertainty or even recession, professional investors will place more of their funds in these stocks/sectors. The reason for this is that these types of stocks are generally food and grocery type items and during times of uncertainty or recession, these items tend to show little or no drop of in sales as everyone still needs to eat food. Notice how all three charts are looking very similar. All have come off long moves down from highs several years ago, have accumulated sideways for a while and now look like breaking upwards. Additionally, look how the moving averages have crossed over ie. shorter term moving average has crossed above longer term moving average, as discussed many times on this web site before. Always wait for a defenite break upwards on strong volume.