Don't Ignore This Chart!

Steel stocks hit hard

The s ector carpet over the last four days shows lots of red. Within the S&P 500, three of the five biggest losses came from steel stocks (US Steel, Cleveland Cliffs and AK Steel). There were, however, a few gainer that can be spotted with the green squares. Intuitive Surgical gained over 8%, Comerica gained over 6% and Key Corp advanced over 6%.

100122carpetClick this chart for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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 market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus