Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Monday, May 20, 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.

Today's obvious leader is drugs - wholesale, which is only 4 stocks, making it's precentage moves exaggerated.  This group went from a laggard last October to one of the leaders early this year, so it's numbers look misleading.

Here are the 4 stocks in this group. In this case the numbers aren; hat misleading: thise are all 4 strong stocks. One of the biggest weaknesses in using Finviz industry groupings is that many of the groups have stocks that really aren;t very closely related, and don;t move together. That does not seem o be the case with this group. The only question now is how many stocks in other groups are more closely related to this group, and are moving with these? Unfortunately there is no easy way to find out: I could use IBD groups, but getting the data for those would be very time consuming.

No comments:

Google Analytics