US Industry Groups by Highest RS Score
Home Construction $DJUSHB held onto the top position in the Industry Groups Relative Strength (RS) Rankings for a fifth week in a row. But there were notable changes with multiple Technology sector groups moving back towards the top end of the rankings, with Semiconductors ($DJUSSC), Computer Services ($DJUSDV) and Software ($DJUSSW) all having strong weeks, as did the the Internet ($DJUSNS) group from the Communication Services sector, which moved up to 6th place overall.
US Industry Groups by Weakest RS Score
Automobiles ($DJUSAU) dropped to the bottom of the RS rankings as TSLA broke below its 200 day MA on Thursday and continued lower on Friday, but of note is that it has earnings coming up on the 01/24/2024 (AMC).
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.