SMO Exclusive: U.S. Stock Market Strength Report 2024-04-12 (no new Longs)

Brian Degracia

14 Apr 2024 • 7 min read

Attached: your cure for 4/12/24 U.S. stock market confusion. Whether retail or institutional, a participant or an advisor, this original and unique strength-focused, top-down, bottom-up, and inside-out perspective can complement your views no matter what they are. BOTTOM LINE – A SECOND WEEK OF BROAD WEAKENING. By the numbers: 🔹 29 industries: 27 weakened (vs. 26 last week), 🔹 198 sub-industries: 74% (vs. 68% last week) weakened, only 5% strengthened 🔹 2,669 stocks: 87% negative (vs. 78% last week).

For more in the attached:
Market: Section I
Industries: Section II
Sub-industries: Section III
Stocks: Section IV

QUESTIONS FOR YOU
Will 2 weakening weeks turn into 3?

Retail participants – what are your plans for handling this if yes?

Advisors, what are you telling your clients? Are you telling them exactly what your competitors are telling theirs, or are you gaining a competitive edge and standing out with unique, concise market insights that reveal your comprehensive grasp on current conditions?

MORE TOP-DOWN, INSIDE-OUT, AND BOTTOM-UP DETAIL

MARKET
🔹 Has a negative Market Strength Score so NO NEW LONGS

SECTORS/INDUSTRY GROUPINGS (6)
🔹 Overall weighted average strength ranking is 5.0, -0.4 this week
🔹 Best: Industry Group 1, 4.1 (Automotive, Energy, Materials/Construction, Metals/Mining, Transportation)
🔹 Worst: Financial Sector, 5.4 (Banking, Financial Services, Insurance, Real Estate)
🔹 Both had the largest declines at -0.5, Financial -1.7 in the past 2 weeks

INDUSTRIES
🔹 Strongest: Materials & Construction (Stronger, 3rd strongest of 9 strength levels)