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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Semiconductors ($DJUSSC) and Automobiles ($DJUSAU) held onto the top 2 spots in the US Industry Group RS rankings this week, with strong moves higher in Stage 2 for the majority of the top 10 groups, and also interestingly the majority of those groups also made new 52 week highs. Which has been a rare occurrence up until recently. But I have noticed this expanding this week, when I've run my daily watchlist scans. As when doing so, I also run a 52 week high scan for the industry groups, as it is another form of market breadth. But until recently this had yielded only a few results. i.e. Home Construction, Semiconductors, Software etc. But this week that expanded from 2 or 3 groups daily on average, to 18 groups by the end of the week. Highlighting an expansion in the market breadth, with more groups making new 52 week highs.

US Industry Groups by Weakest RS Score

The bottom three of the RS Rankings remained the same with Coal ($DWCCOA) continuing to hold onto the bottom spot. But the rebound attempt continued for a third week, with strong moves in a number of stocks in the group. 

Oil and Gas groups saw some of the largest falls in the RS rankings this week, with multiple groups moving into the bottom part of the rankings.

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.