SMO Exclusive: +75% Market Strength Score 2024-09-27 (No New Shorts)

SMO Exclusive: +75% Market Strength Score 2024-09-27 (No New Shorts)
Current 2024-09-27 Sector Risk Gauge, indicative of a +75% Market Strength Score. The underlying objectively measured change depends on the strengthening and weakening of the component industries and sectors.

Current Stock Market Organizer Market Strength Score status is POSITIVE, +75% as of 2024-09-27 = No New Shorts (scale is -100% to +100%).

As of Friday 2024-09-27 the Market Strength Score was POSITIVE reflecting a No New Shorts environment.

Previous Changes

The most recent change to positive was Friday 2024-09-13 t0 +46%.

On Friday 2024-09-13 the Market Strength Score changed to POSITIVE reflecting a No New Shorts environment.

The most recent change to negative was Tuesday 2024-09-03 to -48%.

On Tuesday 2024-09-03 the Market Strength Score changed to NEGATIVE reflecting a No New Longs environment.

Underlying Key Concepts

๐Ÿ”น Signal duration depends solely on objective market action measurement.
๐Ÿ”น It conveys what โ€œisโ€ โ€“ not โ€œwhy,โ€ or for how long.
๐Ÿ”น 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 โ€œexit existing long positions.โ€ Only potential new positions are impacted by the critical question of โ€œwhat is the market doing now?โ€

Existing open positions are exited when their behavior negates the entry thesis.