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Tuesday, April 16, 2013

Today's Leading Industry

About 80% of the stocks in the market are advancing today, so we won't get any useful data there. These are the industries with 10% or more of their stocks making new highs.

This is housewares and accessories, a group I have not been following very closely but has been a leader for quite some time, and is getting stronger.  It is 7 stocks, small but not too small to give meaningful numbers, and individual, the charts here are pretty good. CLX has been on a tear since January, but most of the others are close to 52 week highs. With a correction of unknown time and price looming, this is going to be one of the groups that holds up best. While I would not expect it to shoot out of the gate and lead the market in the next rally, it certainly could.

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