It was a rough two weeks for tech stocks as Broadcom (BRCM), AMD (AMD), Microsoft (MSFT) and Seagate (STX) led the way lower with double digit losses. Micrsoft, Google and Ebay weighed on the sector because they have relatively large market caps. Note that this market carpet is set in market cap mode to show the biggest stocks with the biggest boxes. The tickers symbols were added by hovering over the image and right clicking for options. You can learn more about
Market Carpets in our video.
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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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