Dow Jones Industrial plunged more than 300 points on Friday. S&P500 and NASDAQ also dropped more than 2%. Basically ALL RED to celebrate the Chinese New Year! Is this the start of the long overdue stock market correction? Base on the stock market heatmap, looks like all sectors and worldwide stock market want to celebrate the Chinese New Year together!

Original post by Marubozu @ My Stocks Investing Journey.

Jan 24, 2014 (Friday) Market Snap Shot

Bear totally in-charged throughout the day. Bull was totally knocked out.

All red for S&P500 Heatmap. Only Microsoft (MSFT), Kimbely-Clark (KMB) and Procter & Gamble (PG) showed gain but don’t be fooled by this + gain because they closed the day with a bearish candle.

Industrial Goods sector is the worst performing sector and Utilities is the relative best performing sector. A typical pattern of a bearish market as Utilities is the defensive sector.

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