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Wednesday, June 12, 2013

Today's Leading Industry

These are the industries with 60% or more of their stocks advancing today.

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

The one industry common to both lists is auto parts wholesale, which, at 4 stocks, is really to small o give meaningful numbers and really can;t be regarded a leading group. Individually, two of the stocks are at new highs: CRV, which draws squat for volume, and MGA, which is currently one of the strongest stocks in the market. These don't really seem to be moving as a group, and in this case, you need to look at the individual charts rather than the whole industry.

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