Don't Ignore This Chart!

Red Engulfs the Market Carpet, but Nike Bucks the Selling

Arthur Hill

Arthur Hill

Chief Technical Strategist, TrendInvestorPro.com

The Sector Market Carpet is full of red today as selling pressure hit an overbought stock market. All sectors are down, but there are a few isolated green boxes. Nike (NKE) is the top performer with a 4.8% surge. Red Hat (RHT) is up within the technology sector and Intuitive Surgical (ISRG) is the best performer in the healthcare sector.

Screen Shot 2012-12-21 at 17.44.47
Click this image for a live chart.
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