Recommended Reading

Google Search

Charts courtesy of

Monday, July 9, 2012

Today's eading Industry

  These are the industries with 60% or more of their stocks advancing today.

These are the industries with 10% or more of their stocks making new highs.

The market is now in a position where it can't seem to decide if it is going to rally or correct, and that is reflected in the industries. Cleaning products is a defensive group and holds up relatively well during corrections, and is normally among the top 10 in relative strength when the market is weak. Right now it is just outside the top 10, and the percentage of stocks in the relative strength range has not budged since nearly the beginning of this year. It is a small group and percentages here are misleading, but the fact that this group is not moving may be an indication of the unsettledness of the markeet.

No comments:

Google Analytics