US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Gold Mining regained the lead this week again in the Industry Groups Relative Strength (RS) Rankings with a further push to new all time highs in physical gold and the GLD etf. Plus numerous Stage Analysis Technical Attributes (SATA) score improvements across the group, with 40% of the stocks moving to a technically healthy SATA score of SATA 6 or higher, and a total of 76% of the Gold miners now on SATA 6+.
So with this strength in Gold and the miners, Silver – which is highly correlated with gold, but much more volatile – also had a notable pickup in strength in physical silver and the SLV etf, plus the individual miners – HL, CDE, SVM, MAG, WPM, FSM, EXK, PAAS, AG
US Industry Groups by Weakest RS Score
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.