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Wednesday, December 19, 2012

Today's Leading Industry

These are the industries with 75% or more of their stocks advancing today.

 These are the industries with 20% or more of their stocks making new highs.

Auto manufacturers - major is a 9 stock group that is otherwise one I would be ignoring, but is is common to both lists today, and had one notable breakout yesterday, TM, and another one today, GM. This is a historically weak group that seems to get hit pretty hard during market corrections, and has not bounced back very strongly from any of them. The new highs here are porbably a function of the 52 week highs dropping, and a look at the long term weekly charts for the group pretty much confirms that.

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