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Thursday, February 21, 2013

Today's Leading Industry

These are the industries with 50% or more of their stock advancing today.

These are the industries with 10% or more of their stocks making new highs.

Cigarettes is a group I have not looked at in quite some time. It is 6 stocks, and last year was one of the strongest in the market.. They peaked out in July of last year, then went into a long slide, but look like they might be coming out of it, and the charts in the group bbear that out. Most have formed long, deep bases, which are nearly complete. This is a group that is at least perceived to be defensive, so it might do well if this correction goes on for a few weeks.

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