Stage Analysis Video Training Course

US Stocks Industry Groups Relative Strength Rankings

The full post is available to view by premium members only. For immediate access:

US Industry Groups by Highest RS Score

A big change in this week's relative strength rankings with the Oil groups finally giving up their domination at the top of the rankings, with two of the Oil groups dropping down and with Oil Equipment & Services dropping significantly by 17 RS points to 22nd overall. 

So it gives further evidence to the potential sign of early Stage 3 behaviour in the Oil groups that I talked about in last week's post when they displayed the Change of Behaviour with significant bars in all the Oil groups.

US Industry Groups by Weakest RS Score

There were a few notable movers into the bottom 12 groups with former leading group Aluminium continuing to drop down the RS rankings and Non Ferrous metals taking a rapid drive over the last few weeks of 83 RS points to 7th from bottom overall now. Although all of the weakest RS groups bounced at the end of the week from the strong rebound in the whole market.

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.

I'm away this week, so there won't be a Stage Analysis Members weekend video this weekend, but you can view previous videos to see how the Industry Group RS tables are used in the method – as Industry Group analysis is a key part of Stan Weinstein's Stage Analysis method.

Become a Stage Analysis Member: 

To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.

Join Today


Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.

Recent Articles

SPX D 16 8 22

Stock Market Update and US Stocks Watchlist – 16 August 2022

With the S&P 500 testing the 200 day MA today and Dow Industrials closing above it, the IBD Industry Group Bullish Percent Index has moved above the 60% level, which is the level that I use to determine the Stage 2 zone. 60%+ is considered in the Stage 2 zone. So although the majority of the major market indexes are only in Stage 1, the Industry Group Bullish Percent breadth data is moving into a tentative Stage 2 zone position...
Read More
COCO W 15 8 22

US Stocks Watchlist – 15 August 2022

Stage 2 Breakout Attempt – COCO was highlighted multiple times in the watchlist since May as it developed a Stage 1 base and moved into late Stage 1B. The last time I highlighted it was on the 25th July at $12 ,as it tightened up near the top of the range and held above the short-term moving averages.
Read More
AMAT D 12 8 22

US Stocks Watchlist – 14 August 2022

Semiconductors was the dominant theme in the weekend scans, with multiple stocks in the group recovering strongly from weakness caused by the NVDA pre-earnings release early in the week. I did an in-focus on the Semiconductors group in the US Stocks Industry Groups Relative Strength Rankings post on Friday evening, including some market breadth data on the group. So take a look at that if you haven't already.
Read More