SMO Exclusive: Current Market Status Report 2023-11-10 (-73% Strength Score, Zone 6)

More “beneath the market surface” objective analysis – no new longs as of 11/10/23’s negative strength score. This Market/Sector/Industry perspective follows up today's Industry/Sub-Industry analysis.

The 3 major indexes had a stellar week ending 11/3/23 followed by another up week 11/10/23. However, my calculations reflect underlying weakness/stalling for the week ending 11/10/23.

Current market status

🔹 Strength Score: -73% (on a scale of -100% to 100%)
🔹 Zone: 6, Weakening - Late
🔹 Action(s): No new Longs

There is never any telling how long the prevailing positive or negative strength score will last.

All it does is tell you what is. Never a 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.