Don't Ignore This Chart!

Lots of Red in the European Market Carpet

Arthur Hill

Arthur Hill

Chief Technical Strategist, TrendInvestorPro.com

StockCharts.com offers a Market Carpet covering component stocks for seven European Indices. Chartists can look at all seven or click the title bar to focus on one. The image below focuses on the Euronext 100. There is a lot of red today with banks representing three of the five weakest components.

111115eurocarp
Click this chart for a live image

Arthur Hill
About the author: , 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. Learn More