US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Nonferrous Metals $DJUSNF (Silver, Copper etc) and Gold Mining $DJUSPM featured strongly this week with Gold Mining rising +47 RS up the rankings to 41st overall, and Nonferrous Metals moving into 2nd place overall after a continuous rise up the top 10 rankings in the last 6 weeks.

Apparel Retailers $DJUSRA continues to shown near term relative strength with a Stage 2 continuation breakout to new 52 week highs and remains in 3rd overall.

But the RS leader continues to be Renewable Energy Equipment $DWCREE, which rebounded strongly on Friday back to its 50 day MA and has now been the RS leader for 21 of the last 24 weeks. 

US Industry Groups by Weakest RS Score

Automobiles $DJUSAU spends a fourth week at the bottom of the the overall RS rankings deep in Stage 4.

The Health Care Providers group $DJUSHP was this weeks strongest RS decliner with the group breaking down from below the 200 day MA in late Stage 3B. So potentially might be moving into early Stage 4, but the 30 week MA hasn't turned down yet. 

A number of large cap stocks in the group had a strongly negative week, with negative significant bars and some breakdowns – CI, MOH, UNH, ELV, CNC, HUM are a few examples.

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.