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Monday, April 23, 2012

Today's Leading Industry

 Here are the industries with 30% or more of their stocks advancing today.

Here are the industries with 5% or more of their stocks making new highs.

There is virtually nothing sticking out today in terms of relative strength. Discount and variety stores is a group that hostorically has been pretty strong over the last couple of years, and holds up fairly well during market weakness, bit if this starts to drop, then we can be pretty sure we are in for a pretty nasty correction. So far it has not been dropping, so there is still a possibility that this will be a fairly minor correction.

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