US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Semiconductors ($DJUSSC) continues to lead with a 9th week at the top of the Industry Groups Relative Strength (RS) Rankings. But it had a negative week at -2.26%, and thus only held its position due to relative weakness in other groups.
Nonferrous Metals ($DJUSNF) was this weeks biggest mover, rising a massive +73 RS points to 13th place overall, as multiple Silver and Copper stocks broke out with Copper futures making a strong Stage 2 breakout and Silver testing resistance around the top of the recent structure.
US Industry Groups by Weakest RS Score
Automobiles ($DJUSAU) continued its decline to the bottom of the RS rankings, with TSLA's continued push lower in Stage 4 a big driver of that.
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.