Don't Ignore This Chart!

Several Consumer Discretionary Stocks are Bucking the Market

 | 

The S&P 500 was hit pretty hard over the last six days with all nine sectors losing ground. There were, however, some pockets of strength in the consumer discretionary. The Sector Market Carpet shows performance for the consumer discretionary sector since last Monday, 8-December. Over a dozen green boxes can be found, and these are stocks that advanced in the face of broad market weakness. In particular, Macy's (M), Kohls (KSS) and Coach (COH) are up over 3%. Nordstrom (JWN), Best Buy (BBY) and L Brands (LB) are up over 1%. 


Click this image for a live chart.

Announcement from the Author

{{ announcement.content }}

Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.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. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus