Don't Ignore This Chart!

Home Construction and Retail Finish the Year Strong


The S&P 500 took a dip on the last trading day of 2014, but several home construction and retail stocks bucked the selling pressure. Chartists can easily separate the winners and losers using the Sector Market Carpet. The image below focuses on the cyclicals (consumer discretionary) sector and we can see plenty of green (advances) for December 31st. DHI, LEN, PHM and PVH were up within home construction, while JWM, M and KSS were up within the retail group. Click here for MarketCarpet instructions

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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