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Tuesday, December 11, 2012

Today's Leading Industry

 These are the industries with 85% or their stocks advancing today.

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

Metal fabrication is in no way a leading industry, but caught my eye today because, at 19 stocks, it has all 19 advancing today. That may be coincidence, but I doubt it.  Their really isn't much strength here: AZZ  and RS are pretty strong, but most of the others are close to 52 week lows. MATW was at a 52 week low less than a month ago: it has made a tremendous charge and now is the stock in the group at a new high. Today may be the beginning of a move in this group, which has been seriously out of favor and may become a target for rotation.

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