US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

There were a number of changes at the top end of the RS rankings this week, with Gold Mining ($DJUSPM) dropping -14 RS points, as many gold miners saw a sharp pullback on Friday from short-term extended positions, after a month of strong gains. 

Nonferrous Metals ($DJUSNF) was of note this week, moving into 2nd place overall, as multiple copper and lithium stock had strong weeks. Freeport-McMoRan (FCX) for example from the group, has been highlighted in the watchlist a few times recently and broke back above its 50 day MA and is still in early Stage 2 currently, but has earnings results coming up this week on the 4/21/23.

Gambling ($DJUSCA) rebounded back up to 6th place overall, and has been in the top 10 of the RS rankings for 13 of the last 14 weeks. i.e. almost the entire first quarter of 2023, but has been consolidating in the early Stage 2 backup range since its short-term swing high on the 3rd March. Some stocks that have appeared in the watchlist from the group include – DKNG, WYNN, MLCO, LVS, IGT, MGM, BYD

US Industry Groups by Weakest RS Score

Coal ($DWCCOA) has moved to the bottom of the RS rankings, with a -22% under performance versus the S&P 500 year to date, as it consolidates in early Stage 4, and continues to be a laggard.

US 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.