104 Dow Jones Industry Groups sorted by Relative Strength
104 Dow Jones Industry Groups sorted by Relative Strength using stockcharts SCTR score
The purpose of the 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.
100 is strongest, 0 is weakest
You can find out which stocks are in each industry group by going to https://stockcharts.com/freech... and clicking on the name of the group
1 week, 2 week, 4 week and 12 week RS changes
Stocks in the Coal group lead once again this week and it remains at the top of the RS table. $ARCH is a good example of using the Forest to the Trees approach with Stage Analysis, where you focus on group strength. See attached chart from May that I highlighted at the time when it was still in Stage 1B and the Coal group was rising strongly up the RS table - led by $BTU. But $ARCH was in late Stage 1B at the time and so I highlighted that based on the group strength that it could move into Stage 2 also. So a good example of the top down approach.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.