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Wednesday, December 28, 2011

Today's Leading Industry

Here are the industries with 30% or more of their stocks advancing today. 

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

Cigarettes has been a leading industry all year, which probably gives a good indication about what a lousy year it was in the market. This is a defensivc group, but even during the big rallies we had during the year, this group stayed anong the leaders. None of the stocks in the group would be considered leading stocks, but as a whole, they not only hold up well in market weakness, they have also been doing well during market strength, but the trouble for a CAN SLIM trader is that they outperform only during market weakness.

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