Even if you do not trade or invest with Profunds, the Profunds market carpet provides an excellent means to track sector/industry action. The Profunds Mutual Funds sector carpet shows 19 funds with the top/bottom five listed on the right. Over the last five days, only the Precious Metals fund is down. The Mobile Telecom fund is the top performer. (click the "Sector" heading to focus on that section of the carpet).
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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.
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