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Charts courtesy of stockcharts.com

Wednesday, December 21, 2011

Today's Leading Industry


 
These are the industries with 70% 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 took a massive hit ver the summer, and the bounce back does not look impressive on the chart, but in comparison to most other industries it is now quite strong. It has been among the leading industries in new highs for the past few weeks (not that high today, but still among the leaders), has regained it's leadership status short term in relative strength, and had a high percentage of it's stocks advancing today. It appear that the rotation out of this that started early this year has reverse, and now money is rotating back in.


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