US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment ($DWCREE), Nonferrous Metals ($DJUSNF), Oil Equipment & Services ($DJUSOI), Steel ($DJUSST) were non-movers in the top 4 of the RS rankings this week. Transportation Services ($DJUSTS), Footwear ($DJUSFT) and Gambling ($DJUSCA) all moved up slightly. And of note is that the three oil groups are now back near the top of the rankings.
Travel & Tourism ($DJUSTT) is also notable, making an attempt to move into Stage 2 and rising 10 RS points to 10th place overall.
Commercial Vehicles & Trucks ($DJUSHR), which has been top performer since late October, dropped -7 RS points to 12th overall this week.
Hotels ($DJUSLG) was another strong RS riser this week, up 22 RS points to 19th overall, and is testing its Stage 2 level. As was Mortgage Finance ($DJUSMF), up 30 RS points to 24th overall and also made a Stage 2 breakout attempt.
So there were three groups that made Stage 2 breakout attempts this week – Travel & Tourism, Hotels, Mortgage Finance.
US Industry Groups by Weakest RS Score
Automobiles ($DJUSAU) continues to have the weakest overall RS score, but was this weeks strongest percentage mover. So it is attempting to rebound in Stage 4.
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.