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Monday, September 24, 2012

Today's Leading Industry

 These are the industries with 70% pr more of their stocks advancing today.

 These are the industries with 15% or more of their stocks making new highs.

I am going to try this week to take a look at the long term strong groups that are moving either up or down in strength. REIT- healthcare facilities is one of the ones moving up. At 11 stocks, it is a fairly small group, but big enough to give meaningful numbers. It currently has all of it's stocks in the relative strength range, almost all advancing, and 2 at new highs today. It is among the leaders in all movi ng averages, and is also among the leaders in difference between short term and long term averages, meaning it is moving up fast. It took off fast when the 2011 correction ended, and was barely effected by the 2012 correction. Most of these stocks are currently in bases, but there are a few that are moving higher right now.

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