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Monday, October 17, 2011

Today's Leading Industry

Here are the industries with 25% or more of their stocks advancing today.

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

Oil and gas pipelines is the industry of the day, thanks to an acquisition of EP, which is one of the leading stocks in the group. The rest of the group is moving in sympathy, with some making some pretty big moves, and some others may become acquisition  targets (at least that is the theory). This was formerly the strongest group in the market, but got hit very hard in the latest correction. It appears to be regaining some strength, but I doubt that this latest move will be able to sustain itself long.

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