Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Wednesday, May 18, 2011

Today's Leading Industry

 Here are the industries that have 90% or more of their stocks advancing today.

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


Looking at both lists, the only groups common to both that also have high relative strength are cigarettes and health care plans, bith of which I have graphed recently. Silver is leading in percentage of stocks advancing today. This is a long term weak group which has shown the ability to rise rapidly as long as the price of silver cooperates, which right now it is not. This group tight now is good for a few bounces, but I would not expect any more than that until the silver price settles down and the mania dies down.

No comments:

Google Analytics