SMO Dashboard Fri 2026-04-24 (Market = Bearish New Phase)

Brian Degracia

26 Apr 2026 • 2 min read

Environment is RED given the negative Market Strength Score in Phase -1 Bearish New.

For educational purposes only. These are NOT stock or investment recommendations. See this disclaimer.

TLDR

This dashboard uncovers strength and weakness at the market, sector, industry, sub-industry, and stock levels to aid decision-making in the prevailing market environment.

Commentary

The Market Strength Score is currently -34% in a Bearish New Phase. Changed to negative as of Friday, April 24.

Tracked indexes performance this week:
- Strengthened/+2: None
- Strengthened/+1: None
- Strengthened/0: SOX (3Stronger)
- Unchanged: NDX (5Average)
- Weakened/0: SP500 (5Average)
- Weakened/-1: MAG7 (4Strong)
- Weakened/-2: None

Broad weakening in Financials with specific weakening in Real Estate. Metals, Industrial, and the Mag7 weakened. Oil strengthened off a bad week last week.

The column labeled "Rating" reflects this week's strength (based on this system's criteria) of the individual index, sector, or industry vehicle. Note also the columns which show last week's score and the change from last week's score.

SPDR Sector ETFs Detail

No standout strong sectors. XLB Materials, XLRE Real Estate, and XLV Health Care lagged.

Context - 10 Week Lookbacks, by ETF and by Week

See below for changes over the past 10 weeks.

Sector ETFs Stocks Rated 1Strongest and 9Weakest

Long and short candidates are listed below, ranked based on market, sector, and stock strength characteristics. As a bonus, the bottom table shows 5Average stocks, for possible volatility-related strategies.