Chartists can identify mutual fund leaders and laggards using the Rydex, Fidelity and Profunds MarketCarpets. Note that these are updated after the market close. As the MarketCarpet below shows, the Gold Fund, Leisure Fund, Latin America Fund, Japan Fund and Nordic Fund led on Thursday. Funds associated with Biotechs, Healthcare, Pharma and Treasuries lagged with losses.
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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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