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Charts courtesy of stockcharts.com

Friday, January 7, 2011

This Week's Industry Performance

Name Stocks Adv Pct 4 week avg 10 week avg 40 week avg
Drug Stores 6 6 100 24.17 9.67 8.92
Long Distance Carriers 3 3 100 66.67 66.67 38.12
Personal Computers 2 2 100 50 50 44.58
Health Care Plans 16 15 93.75 58.96 62.25 50.06
Life Insurance 28 25 89.29 41.3 34.67 24.74
Diversified Computer Systems 8 7 87.5 50 43.33 35.35
Major Airlines 7 6 85.71 21.43 50 53.84
Regional Airlines 13 11 84.62 40.38 43.69 31.59
Information & Delivery Services 12 10 83.33 64.21 54.77 39.19
Lumber, Wood Production 12 10 83.33 51.28 37.44 20.9
Residential Construction 18 15 83.33 6.95 4.45 12.22
Aerospace/Defense Products & Services 45 37 82.22 44.09 41.04 35.25
Shipping 54 44 81.48 30.38 31.07 22.56
Semiconductor - Specialized 42 34 80.95 32.74 28.44 28.83
Aerospace/Defense - Major Diversified 5 4 80 22.5 29 40.58
Aluminum 5 4 80 55 46 20.88
CATV Systems 20 16 80 45 47 46.22
Housewares & Accessories 5 4 80 80 76 65.5
Semiconductor- Memory Chips 10 8 80 47.5 43.44 39.68
Surety & Title Insurance 15 12 80 19.06 14.79 20.77

Today I did something a little different: I took the stocks that were positive on the week and ran them through the industry scanner. Above are the industries that have 80% or better of their stocks up for the week. What is striking here is that very few of them have high moving averages, meaning that most of the advancers this week were pretty weak groups. it could be that we are seeing some sector rotation, orr it could be that the weak groups are just getting a bounce here. I will do this every Friday to see if this is an anomaly.

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