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Monday, May 16, 2011

Today's Leading Industry

Here are the industries with 50% or more of their stocks advancing on the day.

Here are the industries with 12% or more of their stocks making new highs/

Today several groups that have strong relative strength ratings are also prominent on both list, with health care plans being the most prominent. i have been looking at this group several times in the last few weeks, for good reason,as it may be about the strongest group in the market right now. Don't let the flattening short term averages fool you; they can't go much higher. The 40 week average is rising rapidly. Most of the stocks here are in up trends, and refusing to sell off in the face of a market correction. Some of these will probably be the first out of the chute when we get a follow through day. 

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