SMO Exclusive: Status Change, +64% Market Strength Score 2024-10-16 (No New Shorts)
Current Market Status
No New Shorts because the current Stock Market Organizer Market Strength Score is POSITIVE at +64% as of 2024-10-16 (scale is -100% to +100%).
- This reading is considered mid/late.
- Anything can happen in the market at any time for any reason but this reading implies there is room to run before the gauge reaches +100% should it even get there. (It hasn't, though there have been times it has reached -100%. See this post for more information on two times it has reached that level.) There is not nor can there be any realistic expectation as to what this translates to in index readings.
Below is the corresponding Sector Risk Gauge.
Current 2024-10-16 Sector Risk Gauge, indicative of a +64% Market Strength Score. The underlying objectively measured change depends on the strengthening and weakening of the component industries and sectors.
Previous Directional Change
The most recent change to negative was Wednesday 2024-10-02 to -30%.
The most recent No New Longs environment began after the 2024-10-02 trading day.
Below is the corresponding Sector Risk Gauge.
Underlying Key Concepts
🔹 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.
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.