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US Stocks Industry Groups Relative Strength Rankings

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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.

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