Stocks moved higher this week, but not all groups participated. As the Rydex industry fund MarketCarpet shows, the Financial Servives Fund (RYFIX) and the Banking Fund (RYKIX) declined and underperformed the market. On the leadership and relative strength side, the Biotech Fund (RYOIX) and the Healthcare Fund (RYHIX) show the biggest gains. Note that the default Rydex MarketCarpet shows all funds. Double click any box focus on that specific group of funds. You can learn more about our MarketCarpets in this video tutorial.
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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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