104 Dow Jones Industry Groups sorted by Relative Strength
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/freecharts/indus....html#&t=T and clicking on the name of the group
1 week, 2 week, 4 week and 12 week RS changes
The top 20 by 1 week change tells the story this week, as is dominated by Energy and Bank groups, of which numerous had strong moves this week and the Energy and Bank sector etfs $XLE and $XLF both made Stage 2 breakouts to new highs.
Of the energy groups. Oil Equipment & Services led this week and the stock with the leading RS in that group is $NEX which had a monster week on its highest volume for a few years.
Of the Financial groups. Banks led this week & $CUBI (highlighted in the watchlist on 14 Dec) is the strongest RS stock in that group with an SCTR score of 99.7, which makes it one of the strongest stocks in the whole market. Look at that beautiful Stage 2 advance since Nov 2020
isatrader
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.
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.