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Charts courtesy of stockcharts.com

Thursday, July 14, 2011

Today's Leading Industry


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


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

We are now again in the zone where the number of new highs is too low to tell us which groups are leading, so we have to depend of the percentage of stocks advancing. We have 3 of the leading groups among the leaders there, with cigarettes doing the best. this is a group which has held up extremely well during the most recent correction, and has nearly all of it's stocks in the relative strength range. The individual charts in the group all appear to be in the basing process, so there isn't much to do here until they start breaking out.

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