SMO Exclusive: -63% Market Strength Score 2024-09-06 (No New Longs)
Current Stock Market Organizer Market Strength Score Status is NEGATIVE, -63% as of 2024-09-06 = No New Longs (scale is -100% to +100%).
The most recent change to negative was Tuesday 2024-09-03 to -48%.
Previous Directional Change
The previous directional change was 2024-08-12 to +7% = No New Shorts.
- Lower positive numbers reflect higher potential upside.
- Positive numbers nearing 100% reflect a late stage rally. This does not mean a decline is imminent, but it does reflect a "stretched rubber band."
Context: Historical Bottoms
Given the negative strength score, see below for what important bottoms have historically looked like through a Market Strength Score and Sector Risk Gauge perspective.
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.