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Thursday, January 10, 2013

Today's Leading Industry

These are the industries with 80% or more of their stocks advancing today.

These are the industries with 25% or more of their stocks making new highs.

Oil and gas pipelines was the strongest group in the market for about the first two years that I tracked the data. Since about 2 years ago, it has significantly weakened, and is now in the middle of the pack. It is among the leaders in new highs today, mainly because the 52 week highs have been dropping, lowering the bar. I have been watching this group for signs of life, but so far there really aren't any.

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