The Dow Industrials is bucking the selling pressure with strength in Chevron, Pfizer, Travellers, Procter & Gamble and Home Depot (among others). Chartists can easily spot the winners and losers on a Market Carpet. The chart below shows at least ten green squares, which means these ten are up. There is some red, but the green is outpacing the red for now. The top gainers and losers can be seen in the table on the right. You can learn more on Market Carpets with our videos.
Click this image for a live carpet
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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