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Wednesday, April 9, 2008

IBD Industry Groups

Those of you read IBD know that they divide market into 197 distinct industry groups, and rank these groups on a daily basis. A large portion of a stock's movement is due to it's group strength or weakness (one example is the recent failed breakout of WDC, a strong stock from a very weak group). I have tracking the movement of these groups, and once I have sufficent data Iwill attempt to make sense of it. Along with the earnings spreadsheet, this data may be useful trying to anticipate strong areas of the market.

Yesterday's top 10 one day movers: Places moved up:

HOUSEHOLD-CNSUMER ELEC 32
REAL ESTATE OPRTIONS 29
FINANCE-SVINGS&LO 28
RETAIL/WHLSLE-BLDG PRDS 24
BANKS-WST/SOUTHWEST 21
HOUSEHOLD-HOUSEWRS 21
METAL PRDS-DISTRIBTR 20
REAL ESTATE DEVLPMT 20
MEDICAL-DRG/DVRSIFIED 20
MEDIA-BOOKS 19

Top 10 5 day movers: Places moved up:

BLDG-WOOD PRDS 54
INVSTMNT BANKERS 47
ELEC-CMPNENT/CNTR 46
TOBACCO 45
COMML SVCS-SCHOOLS 37
TRANSPORTATION-EQP MFG 34
STEEL-SPCLTY ALLOYS 34
APPAREL-CLOTHING MFG 31
ELEC-SEMICONDCTR MFG 28
METAL PRDS-DISTRIBTR 27

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