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Wednesday, February 13, 2013

Today's Leading Industry

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

 These are the industries with 40% or more of their stocks making new highs.
It's time for our weekly look at REIT-healthcare facilities, probably the strongest group in the market. There are 11 stocks here, all of which are at or very close to new highs, and no weak stocks at all. Percentage wise, this is getting just about as high as it can go, which points out the main disadvantage in using percentages: you can't go higher than 100. Even with all the percentage indicators pegging 100 (this is still a long way from that), there is nothing keeping the individual stocks from going higher.

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