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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Another change at the top of the RS rankings this week with Oil Equipment & Services ($DJUSOI) taking the top spot from last weeks leader Steel ($DJUSST), with a notable outperformance in the oil groups this week as Light Crude Oil Futures attempts to spring from deep within its Stage 4 decline. Integrated Oil & Gas ($DJUSOL) also made a significant jump up +26 RS points to 8th overall. But the strongest RS gainer was Exploration & Production ($DJUSOS) which jumped up +54 RS points to 22nd overall and regained its 200 day MA, but remains within a large Stage 3 structure. 

US Industry Groups by Weakest RS Score

At the bottom end of the RS rankings, Internet ($DJUSNS), Clothing & Accessories ($DJUSCF) and Durable Household Products ($DJUSHD) were all heavy fallers, with over -8% moves in each and significant falls in their RS rankings to move into the bottom 10.

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.