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Thursday, February 17, 2011

Today's Leading Industry


 These are the industries that have 80% or better of their stocks advancing today.


These are the industries that have had 25% or better of their stocks hit new highs so far today. There is a slightly better correlation here with the relative strength data, but not by much.



Here is conglomerates, a 9 stock group which, according to my database, has 50% of it's stocks hitting new highs, which means something is wrong here. I just checked the Finviz screener, and it says only two have hit new highs, so now I have to figure out where my data went wrong, Anyway, according to the relative strength data, this is a pretty strong group, and looking at the charts, all but one are at or very near 52 week highs.

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