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Monday, July 18, 2011

Today's Leading Industry

Here are the industries with 28% or more of their stocks advancing today.

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

Although we do have a leading group, air services - other, on both lists, we also have gold on both lists, so i will look at that group because it is rather unusual. this has been a long term weak group, despite the strength of gold bullion, but if you look at the charts of the group (42 of them), almost all have made very sharp moves up in the last couple of weeks. This could become a leading industry if the big moves ontinue, which, unfortunately, I think is highly unlikely, but if gold continues to move up, it could happen.

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