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Wednesday, May 15, 2013

Today's Leading Industry

These are the industries with 85% or more of their stocks advancing today.

These are the industries with 40% or more of their stocks making new highs.

REIT - healthcare facilities is without doubt the leading group in the market, and since it has been at least a week since I looked at it last, I picked it for today's leading group. One thing we are going to see here is the moving averages leveling off: that is not due to weakness, it is due to the fact that this can't go higher than 100.

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