US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment group ($DWCREE) once again held onto the top spot for another week with no change in the top 5 RS groups.
Apparel Retailers group ($DJUSRA) continued its strength that I highlighted in last weeks post, with the group continuing higher in early Stage 2, and multiple stocks from the group following its lead and also moving out into potential early Stage 2.
Another area of interest this week is Specialty Retailers ($DJUSRS) – which I've highlighted the weekly chart below, and a few of stocks from the group in early Stage 2 – ASO, DKS, HIBB and BBY in Stage 1. As the group chart is sitting at the top of a developing Stage 1 base structure with the 30 week MA rising and Relative Strength versus the S&P 500 outperforming above the Mansfield RS Zero Line (52 week RS MA). So although the group RS dropped this week. It's in position to make a potential Stage 2 breakout attempt.
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.