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Tuesday, January 10, 2012

Today's Leading Industry

These are the industries that have 90% or more of the their stocks advancing today.

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

For some reason residential construction grabbed my attention today. This is a historically weak, 17 stock group, but it has made a pretty good run in relative strength in the last month or so. On the daily chart 5 of the stocks are quite strong, at por near new highs. Just for fun I looked at the monthly charts, which were just about all close to 5 year lows. long term this group has not done anything, but short term it is worth a look; many of the lagging stocks look like they are getting ready to move up.

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