US Industry Groups by Highest RS Score
Semiconductors ($DJUSSC) regained the top spot in the US Stocks Industry Groups Relative Strength Rankings with numerous stocks in the group displaying relative strength this week. The Internet group dropped back to 2nd place overall, but many in the group had a strong week, including GOOGL, which reached new 52 week highs, and also some of the Chinese stocks in the group following the latest stimulus attempts there.
The Automobiles ($DJUSAU) group (discussed in last weeks post) continued to rebound back up the RS rankings, and is now up to 27th overall, with some strong moves from the EV stocks especially.
Computer Hardware ($DJUSCR) was one of this weeks strongest movers with a +6.15% gain, which took it up +11 RS places to move into 7th place overall. A few of the larger stocks on note in group on the move include – AAPL, DELL, STX, WDC, IONQ
US Industry Groups by Weakest RS Score
Aluminium ($DJUSAL) remains at the bottom of the RS rankings for another week, but it was actually this weeks strongest percentage gainer at +10.16%, and so if it improves further, and moves above its still declining 10 week MA, then it could move into Stage 4B- position, and form what's known as a Terminal Shakeout pattern on the weekly chart. So it is at a potential pivotal point.
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.