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Monday, October 31, 2011

Today's Leading Industry

Here are the industries with 50% or more of their stocks advancing today.

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

We may get an opportunity here to see where the strength is currently in the market. Home furnishing stores is among the leaders bith in stocks advancing and in making new highs, but not in relative strength. One of the problems here is that it is a small group, only 6 stocks, so it will make large percentage moves, meaning only one stock moving into the rellative strength range will put this among the leaders. there are 2 strong stocks here, PIR and BBBY, with 4 relatively weak ones. The weak ones, however, appear to have bottomed and are now moving up. There may be some opportunities in this group.

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