Last Post 02/22/2013 11:25 AM by themanwiththecrystalball (1885) . 3 reply.

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09/06/2012 08:27 AM

lagging groups leading market action
by skyfreak73 (855) Joined on 08/09/2011 Posts: 148

Today we seem to have a market shaping up to make some significant gains in strong upside volume. However, it seems the best action is from the bottom of the industry groups:

Consumer Svcs-Education

Rank 197


Bldg-Hand Tools

Rank 125


Trucks & Parts-Hvy Duty

Rank 188

 

Those are just the top 3 today. What does it mean when you see lagging industry groups leading a day's rally?



 

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09/09/2012 04:58 PM

Re: lagging groups leading market action
by dthomas240 (2990) Joined on 08/14/2010 Posts: 241

I am not sure it means anything other than just some news….  One day does not change a trend.  Don



09/10/2012 08:39 AM

Re: lagging groups leading market action
by skyfreak73 (855) Joined on 08/09/2011 Posts: 148

Perhaps...though all trends start on one day.

 

This trend has continued since Thursday's strong rally.



02/22/2013 11:25 AM

Re: lagging groups leading market action
by themanwiththecrystalball (1885) Joined on 01/12/2011 Posts: 215

Lagging groups leading is bearish and is typically seen at the end of a bull market.

I have started the LEADERS TO BUY LIST AGAIN - Check it out when you get a chance. CRYSTAL tells me the correction is over and were heading North again.

Hi Don, KORs is no longer a favorite. I sold it when weakness set in on Feb 20. High volume drop is not good (safer bets exist now)

Good luck!

-THE CRYSTAL BALL