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Thursday, March 14, 2013

Today's Leading Industry

These are the industries with 90% or more of their stocks advancing today.

These are the industries with 35% or more of their stocks making new highs

At this stage of an up trend, more of the leading industries are in the new highs list rather than the advancing list, but that is not the case today. That may be of significance, but it may also be coincidence. Cement is now probably the strongest group in the market. I had earlier theorized that this group was riding the coat tails of the home building group, but that group has since dropped, and this one hasn't. 

Here are the 6 stocks in the group, all in strong uptrends and all at or very near new highs. What is really remarkable is that they don;t look terribly extended right now.

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