SMO Exclusive: Status Remains, -74% Market Strength Score 2024-11-01 (No New Longs)
Current Market Status
No New Longs because the current Stock Market Organizer Market Strength Score is NEGATIVE at -74% as of 2024-11-01 (scale is -100% to +100%).
- This reading is considered mid/late-range, meaning it is advanced but not necessarily near stretched levels.
- Anything can happen in the market at any time for any reason but this reading implies there is room to run before the gauge reaches -100% should it even get there. (See this post for information on two times it has reached that level - at the end of the Great Financial Crisis and the Covid-19 crash.) There is not nor can there be any realistic expectation as to what this would translate to in index readings. Perhaps suffice to say to be long the entire decline would be painful, but exceptional long opportunities would be available on the other side for those with then-available capital.
Below is the corresponding Sector Risk Gauge.
Current 2024-11-01 Sector Risk Gauge, indicative of a -74% Market Strength Score. The underlying objectively measured change depends on the strengthening and weakening of the component industries and sectors.
Most Recent Change to Negative
The most recent change to Negative was Tuesday 2024-10-22 to -43%.
Here is the corresponding Sector Risk Gauge.
Previous Directional Change
The most recent change to positive was Wednesday 2024-10-16 to +64%.
The most recent No New Shorts environment began after the 2024-10-16 trading day.
Below is the corresponding Sector Risk Gauge.
Underlying Key Concepts
🔹 Signal duration depends solely on objective market action measurement.
🔹 It conveys what “is” – not “why,” or for how long.
🔹 It is an objective, repeatable, and reliable tool to
- enforce discipline,
- prevent unforced errors,
- eliminate emotion and confusion, and
- make sound decisions in all market environments.
This enforced discipline ensures new positions are opened only in the direction of market strengthening or weakening.
If strengthening, only new long positions can be opened.
If weakening, only new short positions can be opened.
Why? Trend respect.
Market weakening does not mean “exit existing long positions.” Only potential new positions are impacted by the critical question of “what is the market doing now?”
Existing open positions are exited when their behavior negates the entry thesis.