US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment managed to hold onto the top spot for another week in the RS rankings, in which every single group in the market ended the week as a loss. But the stocks in the group took big hits along with the rest of the market as the September selloff notched up a gear.
The RS top 10 has a very different look than we've seen for the majority of the year as we move towards the end of September, with Utilities, Consumer Staples, Health Care and Industrial sector groups taking up 8 of the top 10 spots.
US Industry Groups by Weakest RS Score
104 Dow Jones 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.