It has been a rough ride for stocks since September began. The market carpet below shows performance for the sectors as a whole. The average healthcare stock is up 1.17% since 29-Aug and the average consumer staples stock is flat. The average stock for the other seven sectors is down. Notice that the average energy stock is down 13.63% in less than five weeks.
Click this image for a live chart. Charting notes: click the arrow at the top left to move up or down a level, double click on any sector to see the whole market carpet, double click again to drill down in that sector, and right click to see more options.
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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