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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Semiconductors ($DJUSSC) retook the lead in the US Industry Groups Relative Strength (RS) Rankings this week with a 4.30% gain and a weekly close at all time weekly closing highs. But it has a big week ahead with around 35% of the group reporting earnings.

Internet ($DJUSNS) was the major positive mover in the top 10 of the RS Rankings, with a +7 RS gain to move up to 3rd place overall, with strong moves in around a third of the group. But the key stocks were the mega caps – GOOGL, GOOG and META. Which all had over +10% moves following earnings results. With GOOGL making a strong Stage 2 continuation breakout from Base 1 of its Stage 2 advance, and is continuing to push higher towards its 2021 highs (see below chart).

Automobiles ($DJUSAU) dropped from the top spot to 7th place this week, with a few of the large caps in the group pulling back (F, GM), and choppy week for TSLA which has the largest weighting in the group. But the EVs were standouts (XPEV, NIO, LI, RIVN) with strong weekly price and volume action in the sub-group – especially XPEV, which had a Stage 2 continuation breakout of over 60% on heavy volume, and is now up over 100% since it's Stage 2 breakout in just 5 weeks, and 200% since the local Spring in Stage 1 Phase C only 9 weeks ago. Hence it has show exceptional relative strength, and although now extended in the short-term, it would still be considered early in Stage 2.

US Industry Groups by Weakest RS 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 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.