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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

No change at the top of the RS table this week, with Coal hanging on for another week, but seems to be weakening. There was a bounce in the Energy sector this week, which moved two of the Oil groups back into the top 10, as they continue to build out in Stage 3.

The Semiconductors group was the main group in focus this week with a modest move up the RS table by 10 RS points to 67th, but many stocks in the group had double digit moves, and have rallied strongly after Spring type action at the start of the month, and Semiconductors stocks have been showing up consistently in the members watchlist. Here's a few for example – AEHR, ON, LSCC, MPWR

US Industry Groups by Weakest RS Score

Nonferrous Metals held onto the bottom spot for a second week as Copper put in an inside bar on the weekly chart. The Gold Mining & Mining groups had big RS declines, and moved into the bottom 10, and have both now dropped 89 RS points in the last 3 months since the Stage 2 attempt in Gold failed and dropped it back into the range.

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.