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Thursday, May 16, 2013

Today's Leading Industry

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

 These are the industries with 35% or more of their stocks making new highs.

REIT-residential is common to both lists, but the reason it caught my eye was because it was a former leader that is really struggling now. Despite the strength of the market move this year, this group has had a relatively weak move. There are 31 stocks in the groups, and there are several at or near new highs, but the strong stocks are the former laggards while the former leaders are now in down trends. This group is probably done for a while.

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