US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
The Internet ($DJUSNS) group held onto the top spot in the US Industry Groups Relative Strength Rankings this week, as mega cap GOOG, GOOGL continued to show strong relative strength versus the market.
Semiconductors ($DJUSSC) jumped back up +7 RS points to 2nd place overall with group leader NVDA consolidating around its 50 day MA and due to report earnings on 08/23/2023 (AMC).
Energy groups continued to rise up the RS rankings for another week, with Exploration & Production ($DJUSOS) and Oil Equipment & Services ($DJUSOI) moving up to 5th and 6th place in the rankings.
Apparel Retailers ($DJUSRA) was the largest RS gainer this week, up +39 RS points to 13th overall.
US Industry Groups by Weakest RS Score
Aluminium ($DJUSAL) continues to be at the very bottom of the RS rankings, making a new 52 week low this week in its continuing Stage 4 decline.
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.