Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Wednesday, October 12, 2011

Today's Leading Industry

Here are the industries with 100% of their stocks advancing today. Notice not one has a stock making a new high.

These are the industries with 5% or more of their stocks making new highs.
 
Auto parts wholesale is a group I haven;t been watching very closely, and the graph illustrates why. It is only 5 stocks, so any moves in the group are going to be high in terms of percentage. The is one stock in the group hitting a new high, but the rest are not very impressive. With one stock in the relative strength range, that is good for 20%, which lately has been leadership material. This is an excellent example of one of the hurdles I have in trying to judge industry strength.

No comments:

Google Analytics