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Wednesday, January 23, 2013

Today's Leading Industry

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

These are th industries with 30% or more of their stocks making new highs.
Lumber- wood production recently had a small pullback, whcih was enough to take it out of the top 10 in relative strength, but is still a very strong group and likely to get stronger. There are 9 stocks here, with most at or near new highs, and several of the formerly lagging stocks are now catching up. Former leader PATK, however, is starting to break down, so this group might be on the precess of topping out. That, however, doesn't necessarily mean that the others do not have decent upside potential, but it is a caution sign.

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