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Charts courtesy of stockcharts.com

Monday, March 12, 2012

Today's Leading Industry

 Here are the industries with 70% or more of their stocks advancing today.
Here are the industries with 20% or more of their stocks making new highs.


These are the kind of days you dream about when looking for relative strength. Home improvement stores is only 5 stocks, so it is hard to draw conclusions from the data, but is also too strong to ignore. Looking at the charts, 4 of the 5 are in monstrously strong up trends and the 5th is a recent IPO that also looks like it is starting an up trend. Why this group is so strong is a mystery to me, but it pretty clearly is.

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