John Murphy's industry group PerfChart shows the Banking Index ($BKX) and the Biotech Index ($BTK) leading the market higher with the biggest gains. Also note that the Gold and Silver Index ($XAU) and the Broker Dealer Index ($XBD) are strong this year.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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