Don't Ignore This Chart!

Finding Some Green in a Sea of Red


Stocks are down pretty much across the board on Monday, but there are some pockets of green and chartists can find these stocks using the Sector Market Carpet. The image below highlights ten stocks that are bucking the selling pressure and showing relative strength in a down market. Notice the pockets of strength in the healthcare and consumer staples sectors, which are defensive sectors. Charting Note: hover over the carpet and right click to see different viewing options and settings. 

Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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
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