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Charts courtesy of stockcharts.com

Wednesday, August 31, 2011

Today's Leading Industry


Here are the industries with 70% or more of their stocks advancing today.

Here are the industries with 8% or more of their stock making new highs.

I fudged the lists a little bit to get REIT-Residential on both lists. This is still a leading industry, despite the pounding it has taken in the last month. It now appears to be regaining it's footing. Most of the charts in this group look similar: very big gouges in the charts, followed by a bounce back up, the stronger stocks bouncing to at or near new highs. In hindsight, this probably was the group to get into when the market turned.

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