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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Only three groups managed to finish the week in positive territory, with a heavy negative week across the board. Renewable Energy Equipment regained the top spot once more, with ongoing battle with Coal continuing to see weekly changes between the two groups. But Coal had one of the worst weeks of all the industry groups, with a -9.41% drop, which was close to 3x worse than the S&P 500. Also, Coal has formed a double top pattern on the weekly chart, and so potentially is now developing in Stage 3. But's that still a tentative rating at the moment, as could still be in late Stage 2B-.

Uranium stocks

The Uranium group stocks were a standout this week, with all of the stocks in the group having a positive week, and multiple Uranium stocks making early Stage 2 breakout attempts, which I detailed in Mondays blog post – Uranium Stocks Attempting to Breakout. So review that for more details, as I talked about the tentative nature of the breakouts and the possibility of them forming as Upthrusts if the general market weakness reappeared (which it did). So next week will be key for those that broke out, as to whether they hold in early Stage 2, or become failed breakout attempts.

Here are few from the group of interest: CCJ, URA (group etf), UUUU, LEU

US Industry Groups by Weakest RS Score

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.