The Market Carpet shows the technology, healthcare and utilities sectors leading the market lower on Wednesday. The average decline for stocks in these sectors was 1.13%, 1.01% and .96%, respectively. Only financials were up with the average advance per stock running .13%.
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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