Our MarketCarpet page lets you see “at-a-glance” what the entire market is doing. Individual stocks are represented as squares that are colored on a green to red spectrum. With the standard color scheme, the green stocks are performing relatively well and the red stocks are performing relatively poorly. In this way, market carpets can show a lot of information in a small area.
A side bar on the right allows you to view the performance of a stock or sector on a line chart. Likewise, it displays the best and worst performers from the group you have selected.
Market Carpets are great for visually scanning and ranking a large collection of stocks at once, or quickly finding the best and worst performers for a given time period. They are designed to be graphically efficient and especially useful for sector analysis. Like securities, market sectors also trend, and Market Carpets are a fantastic tool for identifying the strength of a sector. Analysts can then use Market Carpets to determine the strong securities within the sector.
There are several important sections of the MarketCarpet page:
The use of each of these sections is described below.
Note that the numbers that appear inside of the carpet's squares (1 thru 5 and -1 thru -5) correspond to the Top 5 and Bottom 5 ranked stocks.
There are several ways to create a MarketCarpet on StockCharts.com including:
You can move your mouse over the carpet to see information about each one of the squares including which company they represent, their current data values, etc. Clicking on a square causes that stock's mini-chart to appear in the upper right corner of the page.
MarketCarpets are often about finding outliers - the bright red and bright green squares. Those stocks are usually listed in the “Top 5/Bottom 5” area. In addition, look for general clusters of greens versus reds. For example, on the S&P 500 Sector Carpet, which sector is the most green? Which is the most red? How does that change as you move the slider?
You can use the slider at the bottom of the chart (#2 in the image above) to change the chart's starting and/or ending dates.
You can use your mouse to adjust the slider in the following ways:
There are several keyboard equivalents that you can also use to adjust the chart's start and end dates:
Note: You may need to click once on the MarketCarpet before the keyboard controls will work.
By default, MarketCarpets use “Price Performance” (i.e., the percentage change in closing price between two dates) to color their squares. Using the dropdown box in the upper left corner of the chart, you can use other technical indicators instead including:
More information about these indicators can be found in our ChartSchool Indicators area.
You can right-click your mouse in the middle of the carpet to bring up a menu of additional options including:
Q: How do I create my own MarketCarpet with ticker symbols I select?
A: StockCharts Members can create a custom MarketCarpet by first creating a ChartList with up to 500 selected symbols in it and then viewing that ChartList in “Carpet” mode.
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