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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Coal ($DWCCOA) hung on to the top spot for another week, but for the first time in many months the Oil groups have dropped out of the top 5, with the last remaining Oil group (Integrated Oil & Gas – $DJUSOL) dropping from 2nd to 7th this week as Oil continues to develop in early Stage 3.

Pharmaceuticals ($DJUSPR) is a key mover this week, edging up another place to finish in 2nd place overall for the week with a local undercut and rally at its 50 day MA on Thursday and follow through on Friday. It's one of the biggest groups and multiple stocks in it have had huge moves over the last month. Here's a few showing some of the strongest relative strength – PRPH, EOLS, CORT, LLY.

US Industry Groups by Weakest RS Score

The Nonferrous Metals ($DJUSNF) group moves back to the bottom of the overall RS rankings as Copper Futures (shown below) continue to tumble in a strong Stage 4 decline for another week, which is sending related mining stocks from the group such as Freeport-McMoRan (FCX) and Southern Copper (SCCO) lower in Stage 4 as well, with no signs of reversal as yet.

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.

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.