US Industry Groups by Highest RS Score
Coal ($DWCCOA) returns to the top of the Industry Groups Relative Strength Rankings, but mainly due to drops in RS in the recent leaders, as the prior leading Internet ($DJUSNS) group dropped -8 RS points this week as negative earnings reactions in Alphabet and META weighed on the group this week.
Steel ($DJUSST) was the weeks biggest RS mover, up +46 RS points but it is in early Stage 4, like many of the groups and the major equal weight indexes, and so it remains a very difficult market environment currently.
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 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.