US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
This week saw a broad sell off in the market, with very few areas of strength. So instead of highlighting one particular group as I usually do. i.e. the Stage 4 breakdowns in the Homebuilding group stocks last week. I thought it would be useful for the non-members of the Stage Analysis website to be able to see a screenshot of the current interactive Sub-industries Bell Curve that members have access to daily in the market breadth section of the site. Which measures the Percentage of Technically Healthy Stocks per Sub-industry i.e. those with a Stage Analysis Technical Attributes (SATA) score of SATA 6 or higher.
As the Bell Curve has fallen to some of the its lowest levels seen this year, and is now heavily weighted in the Weak zone, with 71.60% of groups in that Weak 0% to 40% range, showing a relatively unhealthy market under the surface currently.
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.