Sector Risk Gauge 2023-03-22 - where are we right now?

Following up this post, this new post shows the current Sector Risk Gauge.

Introducing Strength Scores (new concept)

For reference, the Strength Scores (a new concept to be introduced) are as follows:

2023-03-22: Strength Score -33%, with a POSITIVE trend 4.7%
2023-03-17: Strength Score -46%, with a NEGATIVE trend (2.0%)
2023-03-10: Strength Score -38%, with a NEGATIVE trend (5.6%)

There is a future post coming to describe these concepts, but the improving Strength Scores and the now Positive Trend reflect underlying improvement. This is a market-wide measurement intended to identify material lows (the bottoms that took place March 9, 2009 and March 16, 2020) as a supplement to Stock Market Organizer (SMO) industry-level analyses.

Past Sector Risk Gauges

Here is the Gauge from last Friday, St. Patrick's Day:

And from the previous Friday 3/10/23: