Two Sectors and a Few Stocks Bucking the Selling

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The major stock indices were hit with selling pressure on Wednesday, but two sectors and a few stocks bucked the selling and moved higher. How can we find these? Chartists can use the Sector MarketCarpet to easily spot the gainers because they are green and stick out like a sore thumb. The image below shows strength in the utilities and energy sectors today. These are the two boxes with the most green (bottom). In addition to these sectors, CF Industries (CF), Newmont (NEM), Computer Sciences (CSC), Intel (INTC) and HCP (HCP) are up.


Click this image for a live chart

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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