The post-election euphoria may have taken a breather on Tuesday, as the US stock market indexes closed lower. The tech-heavy Nasdaq Composite ($COMPQ) was only lower by 0.09%, whereas the S&P 600 Small Cap Index ($SML) was down the most—it closed lower by 1.54%. A MarketCarpets Ride On a day when the equity indexes closed lower, Tuesday’s StockCharts’ MarketCarpets shows that the downward move was mostly from a handful of sectors. Materials, Health Care, Real Estate, Utilities, Industrials, and Energy were the worst hit. Consumer Discretionary was also hit hard, except for Amazon.com, Inc. (AMZN), the highest cap-weighted stock in the sector. FIGURE 1. MARKETCARPET FOR TUESDAY. Although a lot of sectors were a sea of red, the Mag 7 stocks closed higher.Image source: StockCharts.com. For educational purposes. What stands out in the MarketCarpet is that the heavily weighted Mag 7 stocks, NVDA, MSFT, GOOGL, AMZN, META, and NFLX, closed…
