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Tuesday, July 19, 2011

Today's Leading Industry

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

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

 We are in a sort of industries no man's land: on a big up day like today their are too many industries with a high percentage of their stocks moving up to get good data, and the number of highs are still too few to give good data. At times like this I look for groups with high relative strength that are also popping up on these lists, and we have a few today. Cleaning products is only 6 stocks, so it's percentage moves are pretty big, but it has made a dramatic recovery off it's 2010 low point and now has every one of it's stocks in the relative strength range. Only one has hit a new high today, but the others are all in pullbacks from recent highs and may be setting up for another move up.

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