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Charts courtesy of stockcharts.com

Tuesday, January 3, 2012

Today's Leading Industry

Here are the industries with 100% of their stocks advancing today.

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


We are about at the point where there are enough to highs in the market to get some information about industry leadership from that, but today we have too many stocks advancing to get any good information there. Auto parts wholsale is the only leading industry I see on both lists. This one got hit pretty hard in July/August of last year after already being in a long term down trend, but bounced back strongly and appears to be turning it's 40 week average. There are only 5 stocks here, so we aren't talking about a truly "leading" industry, but 3 of the 5 have very nice charts.

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