One More Tool For Your Trading
By Alex • Aug 24th, 2008 • Category: Stock Market Tutorials
Map of the Market
One of the consistant things I have found between a wide variety of trading/investing strategies is to invest in sectors that are leading the market. Finding this information is typically difficult when just looking at price lists on Yahoo Finance. The great news is you can now get a snapshot of the market and easily see what did well and what fell behind.
I use this Map of the Market to get a visual of what sectors are hot and what is not. From the market picture on Friday, we can see that Financials were the big winners while Energy and Basic Materials were the laggards.
To get a better idea of what is doing well you need to watch this map every day in order to see what is constantly outperforming and then look for stocks with solid chart patterns in that sector or get an ETF that tracks that sector.
Alex is wants to ask everyone to please check out my new blog at MySarcasticMind.com! Thank you!!
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