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Thursday, October 13, 2011

Today's Leading Industry

Here are the industries with 60% or more of their stocks advancing today.

Here are all the industries with stocks making new highs.

One thing you want to see in a bull move is the number of new highs not dropping off to nothing during the first pullback, and that is what we are seeing now. Major airlines has zero stocks in the relative strength range, but does have a new high, which I found confusing until I looked at the new highs list: SAVE is in that group and is at a new high, but apparently IPO'd in June, so it might not be in my database yet. This is a very weak group, with most just coming off 53 week lows.

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