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Tuesday, October 18, 2011

Today's Leading Industry

Here are the industries with 90% or more of their stocks advancing today.

Here are the industries with 5% or more of their stocks making new highs.

 
I choose meat products today because, besides the fact that I don;t believe I have looked at it before, it had 40% of it's stocks move into the relative strength range last week (from zero). Granted it is only 10 stocks, but that is large enough for the move to be significant. It has one at a new high and one other getting close (BRFS, which looks like it might be setting up to break out). It has two others well off their highs, and the rest are al in down trends. This might be a group that is getting ready to turn around.

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