Don't Ignore This Chart!

Finance and consumer discretionary sectors bloody the market carpet $XLK $XLY


The sector market carpet shows lots of red in the consumer discretionary and finance sectors. Four of the five biggest losers come from the consumer discretionary sector. The finance sector also has quite a few dark red squares, indicating stocks with relative weakness. Technology remains a bright spot with three of the top five gainers (green).

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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
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