These are the industry groups classified by Finviz ranked in the 40 week average of percentage of stocks within the group in the relative strength range. These are the long term strongest groups and I highlighted them so they will stick out in the other scans I do.
These are the top 11 in percentage of stocks this week. 6 of the highlighted groups are here. They are also all aboe their 40 week averages.
This is the top 10 in 1 week increase in percentage. None of the highlighted groups are here, and it would appear that these are mostly small groups or weak groups that have lots of room to move.
This is the top 11 in 4 week average. This is short term strength, and 8 of the highlighted groups are here.
This is the top 12 in 10 week average. This is medium term strength, and 9 of the highlighted groups are here.
This is top 10 in difference between the 4 week average and 10 week. This would be the strongest short term uptrends. These are mostly small groups, with specialty eateries the only highlighted group here, and it has only 4 stocks.
It is beginning to look like trying to judge group strength by increases or decreases in percentage of stocks in the relative strength range is badly skewed by the differences in group size, and that the various averages I have calculated are much better at judging overall strength. i is also interesting to note that, for the most part, the same groups pop up on short, medium, and long term strength scans,
I have the raw data uploaded to the industry spreadsheet, which can be downloaded and sorted in any way you see fit. the relative strength spreadsheet is also up.
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