SMO Exclusive: Current Market Status Report 2023-11-02 +10% Strength Score Zone 1

Has recent market action been enough to change the market tenor? Yes, by my calculations. Downloadable updated 11/2/23 Market Status score and zone is below, including the 10/27/23 reading.

Current market status:
🔹 Strength Score: +10% (on a scale of -100% to 100%)
🔹 Zone: 1, Strengthening - Early
🔹 Action(s): No new shorts

The first step in a multi-week rally is one up week. The first step to 10%+ returns is a 1% return. There is never any guarantee that a first step forward/up will lead to more – but measuring such steps is key to awareness and then practical action.

I certainly did not predict this. However, the 10/27/23 Strength Score/Zone reflected “Weakening – Late,” and there have been some strengthening signs in industries. Specifically:

🔹 The 10/27/23 Banking industry update stated: “Wait - strengthening in Banking? Perhaps unbelievable but yes.”
🔹The 10/31/23 Materials/Construction industry update stated “Some strengthening in Materials & Construction? Comparatively, yes.”

The last two times this signal changed to positive it lasted for 7 days each before reversing.

There is never any telling how long it will last.

All it does is tell you what is. Not why, or for how long.

That’s all it can do. But this is enough to
🔹 crush market confusion and emotion,
🔹 enforce discipline, and
🔹 prevent unforced errors.

From here, the rest is up to you.