Scanning the Aroon oscillator in the market carpet

Friday’s mailbag answered questions on the Aroon oscillator, which is a trend identification indicator. Basically, a strong uptrend exists when the oscillator is above +50 and a strong downtrend exists when the oscillator is below -50. Even with the market gains of the last few weeks, I was surprised to see so many negative readings in the Aroon oscillator. The sector averages are negative for finance, energy, consumer discretionary and materials sectors. 

Click this chart for details.

Comments

[ashraf ghali]

Another piece of Art. Could you please tell me how did you add absolute value in each box?

Answer: Once in the market carpet, hover over the squares, right click on the mouse and choose "show values".