Practically every time my television gets turned on I hear all this news about how bad the economy is or how companies left and right are having an extremely difficult time lately. However, companies with a focus on high-end products like fashion and technology are doing exceptionally well.
High fashion and high tech are in high demand from consumers and investors.
Firms such as fashion house Michael Kors (KORS) and iPhone maker Apple (AAPL) have Relative Strength lines reaching new highs, meaning they are outperforming peers in the broader S&P 500.
Such bullish behavior shows the leaders in a market, rather than the followers. One place to find those leaders are on IBD's Screen of the Day for Bolting RS Lines. Continue Reading
