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
Automobiles moved back to top spot in the RS rankings (which I talked about the likelihood of in last weeks video) and multiple Renewable Energy stocks had Stage 2 breakouts moving it up to 3rd overall from near the bottom 3 months ago. Also of note was Software & Semiconductors.
The Renewable Energy Group $DWCREE has climbed 96 in the RS rankings over the last three months and is seeing multiple Stage 2 breakouts over the last few weeks. So is an area of the market to focus in on currently using the Stage Analysis Forest to the Trees approach.
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