A top-down browse through the sector summary shows that steel stocks are up in a down market on Thursday. Starting with the sector overall, chartists can see which sectors are leading and which are lagging. After clicking "materials sector", chartists will be taken to the industry groups within that sector. Steel is leading and clicking "steel" will show the stocks within that group.
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.
Learn More
