US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
The Home Construction ($DJUSHB) group ends 2023 at the top of the Industry Groups Relative Strength Rankings with a relatively quiet week, along with the majority of the market, with only small moves in either direction across the board. As many traders are away from their desks for the holiday period.
The Consumer Discretionary sector makes up four of the top 10 industry groups, with three of those in the top 3 positions – Home Construction ($DJUSHB), Travel & Tourism ($DJUSTT) and Clothing & Accessories ($DJUSCF).
US Industry Groups by Weakest RS Score
At the other end of the scales. Airlines ($DJUSAR) and Integrated Oil & Gas ($DJUSOL) dropped to the bottom of the RS rankings.
US Industry Groups sorted by Relative Strength
The purpose of the Relative Strength (RS) tables is to track the short, medium and long-term RS changes of the individual groups to find the new leadership earlier than the crowd.
RS Score of 100 is the strongest, and 0 is the weakest.
In the Stage Analysis method we are looking to focus on the strongest groups, as what is strong, tends to stay strong for a long time. But we also want to find the improving / up and coming groups that are starting to rise up strongly through the RS table from the lower zone, in order to find the future leading stocks before they break out from a Stage 1 base and move into a Stage 2 advancing phase.
Each week I go through the most interesting groups on the move in more detail during the Stage Analysis Members weekend video – as Industry Group analysis is a key part of Stan Weinstein's Stage Analysis method.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.