US Industry Groups by Highest RS Score
Multiple changes in the top 10 of the Industry Groups RS Rankings this week with Home Construction $DJUSHB, Gambling $DJUSCA and Footwear $DJUSFT, moving up to 2nd, 3rd and 4th position, while Semiconductors ($DJUSSC) dropped back to 5th place.
Some of the bigger negative RS changes from recent top 10 groups were in the Internet ($DJUSNS) and Nonferrous Metals ($DJUSNF) groups. Internet dropped back -24 RS points to 33rd place with pullbacks in a number of the large cap stocks in the group this week, such as SNAP, META, GOOGL, NFLX and more.
Defensive group Nondurable Household Products ($DJUSHN) moved up +16 RS points to 7th overall in the RS rankings, and has now moved up +87 RS points in the last 12 weeks. Due to Stage 2 advances in CLX, CHD, KMB (multi-year highs), and Stage 2 breakout attempt in WDFC this week etc. It's a small and more sedate group with mostly dividend stocks, and pulled back at the start of the year. But has recover to make higher highs, and is showing steady progress year to date in moving up the RS rankings.
US Industry Groups by Weakest RS Score
Automobiles ($DJUSAU) dropped back to the bottom of the RS rankings this week as TSLA tested the lows of the current Stage 1 structure, and ended the week slightly off of the lows. But is in a vulnerable position, and hence if fails to spring back into the structure, then it could potentially break back down into Stage 4 once more (weekly chart below with Mansfield RS and Stage Analysis Technical Attributes (SATA) score).
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 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.