SMO Exclusive: U.S. Stock Market Strength Report 2024-03-22 (no new Shorts)

Brian Degracia

24 Mar 2024 • 7 min read

Presenting your comprehensive, actionable, improved handle on the 3/22/24 U.S. Stock Market. Bonus: with the market at ATHs see Section IV unique stock listings so you can 🔹 stack strength in your stocks and 🔹 find weak stocks in weakening sub-industries and weakening industries. If these weak stocks haven’t yet participated in the market rally, what will happen to them in a market decline? (Not stock recommendations.)

The market does not have to be so complicated. This analysis provides a unique compilation of insights available when focusing on strength in the market – at every level from individual stocks up to the overall market.

This material:
🔹 is unavailable elsewhere in this form and because of this
🔹 will complement your perspective no matter what.

WHY SHOULD YOU CARE?
See unique Section IV stock sorts.
🔹 You won’t find: marked-up price charts. You’ll do this yourself or find these elsewhere.
🔹 You will find: outliers that matter, with criteria unavailable elsewhere.

OUTLIERS THAT MATTER
Page IV-4 Sort 1:
Stack strength in your stocks with
🔹 Strengthening stocks in
🔹 strengthening sub-industries in
🔹 strengthening industries.

Page IV-11 Sort 6:
Find weak links with no sub-industry or industry support:
🔹 Stocks rated Weakest (lowest of 9 strength levels) in
🔹 weakening sub-industries in
🔹 weakening industries.

UNIQUE INSIGHTS
🔹 Available elsewhere: Top Weekly % Change Performers
🔹 Not available elsewhere: Stock Market Organizer ID = immediate relative standing

Page IV-2 Highest % Change report
Top performer GOEV +121% ID: 71-69-51
Status:
🔹 Stock is 7th strongest of 9 levels (Weaker) and is STRENGTHENING
🔹 Sub-industry is 6th strongest (Weak) and is WEAKENING
🔹 Industry is 5th strongest (Average) and is STRENGTHENING

KEY CONCEPTS
🔹 Process and Discipline, not Outcome or Prediction
🔹 Market conditions matter
🔹 The stronger your stocks the greener your P&L
🔹 Prices uncoupled from fundamentals = opportunity
🔹 Multi-month+ rallies begin with one up week
🔹 100%+ returns start as 10% returns
🔹 You won’t find what you aren’t looking for
🔹 The market does not have to be so complicated

MODEL
🔹 NVDA now: a rising outlier stock in a rising industry grouping (AI) in a rising market.
🔹 CSCO 1999: a rising outlier stock in a rising industry grouping (internet buildout) in a rising market.
(See Exhibit 2)

GOAL: To stack strength in the direction of outlier stocks, done via market analysis through the lens of