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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

It was unchanged at the top of the RS rankings this week, with Home Construction, Gambling and Internet leading for another week. 

Semiconductors gained a position to move up to 4th place overall. But one of the biggest movers of the week was the Gold Mining group, with a +38 RS point gain, to move up to 10th place overall – which I discussed the group in-depth during the midweek video.

Of note this week though was the Software group, which although it only moved up +1 RS point to 7th place overall. Had a number of strong Stage 2 moves following earnings results.

US Industry Groups by Weakest RS Score

Coal dropped to the bottom of the RS rankings this week, as it continues to make lowers lows in Stage 4. I did a video on the group in late December – Group Focus: Coal Stocks in Late Stage 3 – 28 December 2022 (34mins), discussing the late Stage 3 pattern in the group, and did Stage Analysis of the individual charts, which highlighted the weakening chart patterns. 

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.