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Tuesday, April 2, 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 making new highs.

This is tobacco products - other, and illustrates the futility of using percentages with very small groups. This is only two stocks, and can be in one of 3 states: 0%, 50%, or 100%. It is, however, in the top 10 in most relative strength categories, which is probably not the result of random chance. The best way to gauge the strength of the group is to look at the individual charts:

Neither of these are terribly strong, but they are not laggards, wither, and both are right at the 50dma, and may be at the best buy points you will find in the current market. The main trouble is, if the market rremains in an up trend, it is doubtful these will actually out perform the market, but they probably will if the market goes into a correction.

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