MarketCarpets are great for visually scanning and ranking a large collection of stocks at once, or quickly finding the best and worst performers for a given time period. They are designed to be graphically efficient and are especially useful for sector analysis. Like securities, market sectors also trend, and MarketCarpets are a fantastic tool for identifying the strength of a sector. Analysts can then use MarketCarpets to determine the strong securities within the sector.

http://stockcharts.com/docs/doku.php?id=other-tools:marketcarpets

Click here for a live version of the chart.

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“Technical Analysis is about identifying and following the appropriate trend.”

Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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