US Industry Groups by Highest RS Score
Renewable Energy Equipment group ($DWCREE) continues to lead in the Industry Group RS rankings, and has done for the majority of the time since August. But Home Construction ($DJUSHB), which I featured in last weeks post was once again one of the most notable groups with it rising +13 RS points up the rankings to finish the week in 2nd overall, and in the process the group made a Stage 2 breakout attempt. With multiple individual stocks in the group attempting to move into early Stage 2 also, like PHM, LEN, CCS, MTH, and TOL.
US Industry Groups by Weakest RS Score
Automobiles ($DJUSAU) held onto the bottom RS ranking for another week, led by further new lows in TSLA as it continues its Stage 4 decline.
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 video – 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.