SMO Exclusive: -38% Market Strength Score 2024-05-22 (No New Longs)
U.S. Stock Market status change as of 2024-05-22, NO NEW LONGS per the exclusive Stock Market Organizer objectively calculated NEGATIVE Market Strength Score (-38%, scale is -100% to 100%).
Bold stance given NVDA results today after hours may embolden the bulls? Perhaps. Nonetheless, this is an objective conclusion based on the numbers. I’m focused on Process and Discipline, not Prediction. I use this tool – created from scratch – to objectively govern big picture decisions, overriding discretionary instincts that can never be consistently correct. And which can be disastrously driven by emotions.
LAST CHANGE
To +14.2% Wednesday 2024-04-24.
KEYS
🔹 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.
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 “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.
