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Wednesday, April 3, 2013

Today's Leading Industry

These are the industries with 50% or more of their stocks advancing today.

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

Electronics stores is tthe only industry common to both lists, and is the obvious leader today. At 5 stocks, it is small enough to take the percentages with a little skepticism, but as you can see, it is a group that has been getting stronger in the face of increasing market weakness. The biggest of these, BBY, was at t 52 week low at the beginning of the year, and is now close to a 52 week high, and is pretty tyoical of the charts in this group. The leader, CONN, is staging a big breakout today, and that is influencing the rest of the group. Keep an eye on these, they may emerge from a correction as a leading group.

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