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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

The Steel group ($DJUSST) regained the top spot in the RS rankings with multiple stocks in the group continuing higher in their Stage 2 advances. 

Gambling ($DJUSCA) moved up to 2nd place overall with the strong Stage 2 breakout on earnings results in DraftKings (DKNG) a big factor.

Travel & Tourism ($DJUSTT) was once again notable, as it moved back into the top ten RS rankings rising 17 RS points to 7th overall. It was last highlighted on the 20th January as the group attempted to make a Stage 2 breakout, and has since steadily moved higher in early Stage 2.

Commercial Vehicles & Trucks ($DJUSHR) also moved back into the top 10, with a strong move in Deere & Co. (DE) on earnings results of note today, pushing the group chart back towards the highs again.

Last weeks leading group Oil Equipment & Services ($DJUSOI) was fourth worst performing group with a -6.01% decline, and so dropped -7 RS points to 8th overall, and has formed a potential Upthrust After Distribution (UTAD), and so is showing Stage 3 behaviour after the failed continuation breakout attempt to new highs, and so is vulnerable with the other weakening oil groups.

US Industry Groups by Weakest RS Score

The Oil groups were the weeks worst performing area, with the Exploration & Production ($DJUSOS) group dropping a massive 71 RS points into the bottom 10 weakest groups and is sitting right at the potential Stage 4 breakdown level in late Stage 3B, and so is on watch for a Stage 4 breakdown attempt once more (see below weekly chart).

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.