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Charts courtesy of stockcharts.com

Tuesday, May 17, 2011

Today's Leading Industry

 Here are the industries with 55% or more of their stocks advancing today.

 Here are the industries with 10% or more of their stocks making new highs.

There are 3 groups that are really starting to stand out: health care plans, air service-other, and cigarettes. This is the graph for cigarettes, which is often considered defensive, but this group has both long and short term strength,, and did just as well when the market was rallying as when the market corrects. Every stock in this group has positive performance numbers for every category longer than a week. Last time I looked at this chart I wondered if the laggard of the group, VGR, would start moving. It is now within 5% of it's 52 week high.

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