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Wednesday, April 17, 2013

Today's Leading Industry

These are the industries with 30% or more of their stocks advancing today.

These are the industries with 5% or more of their stocks making new highs.
None of the leading industries are on either list today, which means that a lot of damage is being done under the surface, and we may have some trouble isolating leadership when this correction is over. Toys and games is a 6 stock group, which is divided between 3 pretty strong stocks (MAT, HAS, GPIC), and 3 very weak ones. This is in now way a leading group, but MAT is breaking out today, and will likely be a leading stock in the near future.

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