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
Gold Mining, Mining and Non Durable Household Products groups were only positive areas of the market this week.
On the downside Steel and Semiconductors led the declines. With huge devastation in numerous stocks.
Going through the 104 weekly group charts, less than 10% are in Stage 2, and a few of those would be considered borderline.
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.