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Monday, April 22, 2013

Today's Leading Industry

These are the industries with 70% or more of their stocks advancing today.

These are the industries with 20% or more of their stocks making new highs.

There are two industries common to both lists, auto manufacturers and grocery stores. Auto manufacturers looks like the slightly stronger of the two, so I will look at that one today. This is not quite a leading industry, although it is close in a few categories, and has made a pretty dramatic rise since November of last year. TSLA is the current leader here, but TM, F, and GM all appear to be weakening.. There are also several laggards in the group, which is keeping it's numbers low. I don't like the chances of this group being a leading industry.

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