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Monday, April 29, 2013

Today's Leading Industry

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

 These are the industries with 25% or more of their stocks making new highs.

Cigarettes is a group I am going to be watching closely. It was among the strongest groups in the market for over two years, then dropped off in 2012 but is making a comeback. There are now only 6 stocks in this group, all are in up trends, most are in the relative strength range, and 2 (MO and RAI) are hitting new highs. This group has a recent history (other than 2012) of doing well in either rallies or corrections, and that may be the case again.

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