Don't Ignore This Chart

Sector Carpet Shows a Preference for Risk

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Stocks moved sharply higher on Friday with the Technology sector leading and the Utilities sector lagging. As the Market Carpet shows, the average utilities stock is down .05% and the average technology stock is up 1.82%. This shows a preference for higher risk stocks (offense). Notice that the tech sector is dark green because it is the leader. Financials and materials are also showing leadership today. Click this image to see a live Sector Market Carpet. Double click on any of the sector spaces to see the individual components. 


Click this image for a live chart. 

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. 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 technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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