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Saturday, October 29, 2011

Relative Strength By Industry

Here are the top 30 industries in percentage of stocks in the relative strength range this week. All categories have the top 10 industries highlighted except for the last column, the percentage of stocks advancing for the week, which had about 40 groups with 100% of their stocks advancing, so i did not see any point in highlighting them. Last week the leading groups had all lost ground for the week, a very strange ourance, but that has reversed this week: most of the leaders are also leading in one week change. One group to take a look at is oil and gas pipelines, formerly the strongest group in the market that took a severs bashing during the last correction. It appears to be rapidly gaining strength.

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