SMO Exclusive: Market Strength Score 2024-03-14 (No New Longs)

SMO Exclusive: Market Strength Score 2024-03-14 (No New Longs)
Based on the objectively-determined Strength Score the market is currently in Zone 5 - NO NEW LONGS - as of 2024-03-14.

U.S. stock market struggling for direction. NO NEW LONGS after 2024-03-14 trading day, per Stock Market Organizer objectively calculated NEGATIVE Market Strength Score (-64%).

See this post for the previous change 2024-03-12.


KEYS
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.

DETAIL
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.