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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Semiconductors ($DJUSSC) held onto the top spot in the Industry Groups Relative Strength Rankings for another week with NVDA continuing to drive to new all time highs. Industrial Suppliers ($DJUSDS) has moved up to third place overall as the group continues to push to new highs in Stage 2. A few of the groups leading stocks XMTR, GWW, FAST, AIT and a new Stage 2 breakout this week in WSC (highlighted in Tuesdays watchlist post).

Home Construction ($DJUSHB) one of 2023's leading groups, moved back into the top 10 of the Industry Groups Relative Strength Rankings this week, with multiple stocks showing up in Thursdays watchlist post as they approach the top of the 2 month consolidation bases, near the highs in Stage 2. The group ETF is ITB.

US Industry Groups by Weakest RS Score

Renewable Energy Equipment ($DWCREE) dropped back to the bottom of the RS rankings, but Oil Equipment & Services ($DJUSOI) saw some heavy declines in the groups stocks, with multiple stocks gapping lower on the 30th Jan and continuing lower into the end of the week.

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 videoas 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.