US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Steel ($DJUSST) moves to the top spot in the RS rankings, rising a further +2 RS points this week and a new all-time high. Home Construction ($DJUSHB) continued its strong 8 week Stage 2 advance and rose a further +5 RS points to 4th overall. While some new entrants to the top 12 were Recreational Products ($DJUSRP), Furnishings ($DJUSFH), Industrial Suppliers ($DJUSDS), Trucking ($DJUSTK), Marine Transportation ($DJUSMT) – all of which have recently broken out into potential early Stage 2 advances.
US Industry Groups by Weakest RS Score
At the bottom of the RS rankings Health Care Providers ($DJUSHP) has taken over the bottom spot with the breakdown in Stage 3B- that was highlighted in the 6th January post now worsening to potential full Stage 4.
Exploration & Production ($DJUSOS) was also of note on the downside as the weeks strongest decliner on a percentage basis, dropping -8.41% and closed the week below it's 30 week moving average once more within the large developing Stage 3 structure, which has taken on a head and shoulders pattern look to it. So it's on watch for a potential Stage 4 breakdown attempt in the coming weeks.
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.