US Industry Groups by Highest RS Score
Renewable Energy Equipment group ($DWCREE) hangs on for another week at the top of the RS rankings table. Footwear ($DJUSFT) was the weeks largest RS mover, gaining +49 RS points, and moving up to 10th place overall following NKE earnings earlier in the week that gapped the stock up to test its Stage 2 breakout level. Its a small group with only 10 stocks, but there are also a few other stocks (DECK & CROX) already in Stage 2 that have been highlighted in the watchlist many times over the last quarter that continue to show good relative strength.
US Industry Groups by Weakest RS Score
Not much change at the bottom of the RS rankings with Automobiles ($DJUSAU) continuing to make lower lows in its Stage 4 decline. Recreational Services ($DJUSRQ), which is made up of Cinemas and Cruise Liners etc, was another area of weakness of note as it dropped into the bottom pack.
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.