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Saturday, March 17, 2012

Relative Strength By Industry

Here are the top 30 industries in percentage of stocks in the relative strength range this week. There isn't much correlation between the stocks advancing this week and relative strength, because nearly everything went up last week. Note that the top 10 in 4 week average and the top 10 in 10 week average are the same: it appears that leadership is consolidating here.

These are the bottom 10 in stocks advancing this week. Note that 3 of the groups are among the top 10 in 40 week average. They may be seeing rotation going out of them.

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