Don't Ignore This Chart

Market Carpet Shows Retailers Lagging and Homebuilders Leading

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The image below shows the Market Carpet for just the consumer discretionary sector (cyclicals). Notice that Pulte (PHM) and Lennar (LEN) are leading on Friday, while Nordstrom (JWN) and Kohl's (KSS) are lagging. Chartists can double click on any symbol in the market carpet to expand that section and focus on the sector. Hint: hover over the Market Carpet and right click to see more options. 

Screen Shot 2013-08-16 at 6.30.04 PM
 Click this image for a live chart
Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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Hmmm…. Brilliant analysis. I have a good share of my investment in JC Penny and to see that in the bottom five is a bit disheartening. Guess I should consider switching my position to Delphi and TripAdvisor.
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