Sector Risk Gauge 2023-04-28 - where are we right now?

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

Updated Strength Scores

For reference, recent Strength Scores are as follows:

2023-04-28: Strength Score -10%, with a NEGATIVE trend (4.3%)
2023-04-21: Strength Score 7%, with a POSITIVE trend 0.9%
2023-04-14: Strength Score 3%, with a POSITIVE trend 2.0%

A future post will describe these concepts. In the interim, the falling Strength Score and the now Negative Trend reflect underlying weakening. 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 are the Gauge readings from the previous two Fridays April 21 and April 14: