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Thursday, December 22, 2011

Today's Leading Industry

 These are the industries with 85% or more of their stocks advancing today.

These are the industries with 20% or more of their stocks making new highs.

REIT-healthcare facilities is not a leading industry in relative strength, and looking at this chart it does appear to be weakening over time, but last week was among the leaders in stocks advancing, is among the leaders in stocks advancing today, and has 3 of 11 stocks hitting new highs. The relative strength number is low currently, but there are several stocks that are currently just below the relative strength range, and if they keep going up, that number should increase quite a bit. There is a real good possibility this group has bottomed and is now on the way up.

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