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Thursday, February 9, 2012

Today's Leading Industry

 Here are the industries with 75% or more of their stocks advancing today
 Here are the industries with 20% or more of their stocks making new highs.

Cigarettes has been a leading industry for just about as long as I have been tracking them, and while they were less conspicous in their leadership in the last couple of months, they are now starting to stick out again. LO and PM are both staging breakouts today, BTI broke out a few days ago, and only CIGX is showing any weakness, although that also is in the process of moving up. This group is considered "defensive", but it sure is not acting like it.

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