SMO Exclusive: U.S. Stock Market Strength Report 2024-08-09 (no new Longs)

Brian Degracia

11 Aug 2024 • 7 min read

Down/up week summarized in the attached Stock Market Organizer U.S. market strength report as of/for the week ending 8/9/24. This report:
🔹 tells you what is, not what will be (-94% Market Strength Score = No New Longs)
🔹 graphically depicts strengthening and weakening at the market, sector/industry group, industry, sub-industry, and stock levels
🔹 reveals whether the rubber band is overly stretched in either direction (weighted average Market Strength Rating is 4.6 on a scale of 1/Strongest to 9/Weakest, no change from last Friday 8/2/24)

Special highlight:

See page I-1 for a unique top-down perspective
See page I-2 for a look at previous bottoms through this top-down perspective
Though not fool-proof this “Sector Risk Gauge” perspective gives unique and objective insight into how far downward the market is stretched.

Current Stats

Market Strength Score: -94%, no new Longs
2 of 29 industry rankings strengthened, 2 weakened/Section II
33% of 198 sub-industries strengthened, 31% weakened/Section III
34% of 2,636 stocks positive, 65% negative, 31% stocks rated Strongest, 18% Weakest/Section IV

Leading Sector with a 3.6 weighted average ranking: