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Wednesday, February 23, 2011

Today's Leading Industry

Here are the industries that have 50% or more of their stocks advancing on the day. Oil is pretty dominant today, along with precious metals.

This is independent oil and gas, a  huge group with 94 stocks, most of which are small and micro caps. In 2008, when oil went to $147, this group was probably the most effected, with seeveral of the small caps seeing gains of ver 1000% in a matter of weeks. However, when oil came down, these came down a lot faster than they went up. If the move in oil continues (and unless the situation in the Middle East stabilizes, it probably will), this is the group to be in.

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