The
S&P Sector Market Carpet shows a sea of green on Monday. All sectors were up sharply with consumer discretionary (+1.7) and technology (+1.6) showing the biggest average gains. Keep in mind that these numbers represent the average gain or loss for all stocks in the sector, not the gain or loss for the SPDR (XLY or XLK). Rowan (RDC) shows the biggest gain of all.
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Click this image for a live chart
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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