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Tuesday, January 8, 2013

Today's Leading Industry

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

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

I usually try to ignore the smaller industries, because they give large,and therefore potentially misleading, percentages, but it is hard to ignore an industry that is sticking out like drugs-wholesale today. All 4 are up, all four are in the relative strength range, and 3 are at new highs. None are really leadership material, maily due to volume, but they all have pretty good earnings numbers and are poised to make another move here. This is a small group that should not be ignored.

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