US Industry Groups by Highest RS Score
Home Construction ($DJUSHB) maintained its position at the top of the Industry Groups Relative Strength Rankings with multiple stocks in the group continuing to push to new 52 week highs. Travel & Tourism ($DJUSTT) was also a non-mover in second place overall with the groups RS leader – EXPE (Expedia), continuing to move higher in Stage 2.
The Internet ($DJUSNS) group was notable, with one of the weeks strongest RS moves of +37 RS points, to move up to 16th place overall, which was helped by some mega cap strength on the group from GOOGL, GOOG (Alphabet) with a Stage 2 continuation attempt and META (Meta Platforms) in Stage 2 at new 52 week highs, plus mid-caps like TRIP (TripAdvisor) with a clearer breakout move into early Stage 2.
US Industry Groups by Weakest RS Score
Insurance Brokers ($DJUSIB) and Tobacco ($DJUSTB) moved to the bottom of the RS rankings this week. But the largest RS drop was in the Footwear ($DJUSFT) group, with a -69 RS point decline to 90th position overall, as NKE (Nike) gapped down strongly on earnings results at the open on Friday, and wasn't able to recover, closing the day back below both its 50 day MA and 200 day MA on heavy volume. Hence a significant change of behaviour for it.
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.