SMO Dashboard Tue 2026-03-10 (Market = Bearish Advanced Phase)
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 now advanced stage Bearish. Be cautious - this is high risk territory.
Tracked indexes performance this week:
- Strengthened/+1: None
- Strengthened/0: None
- Unchanged: NDX (5Average), SOX (4Strong)
- Weakened/0 None
- Weakened/-1 SP500 (5Average), MAG7 (6Weak)
The dashboard is widespread red. Computer Software & Services and Internet are showing relative strength, although as a whole they are weaker. This does mean they have a higher ceiling. Financials are red, though Real Estate is showing signs of life. Utilities have been strong but they are mixed at best. Energy/Oil is mixed but leaning strong.
The column labeled "Rating" reflects the strength (based on this system's criteria) of the individual vehicle (index, sector, or industry).
Market Strength Score
Currently -88%, Phase -3 Bearish late. "Late" refers more to an advanced state, as opposed to a time state. Expect volatility with the possibility of a cascading decline, though be ready to turn positive even if the headlines seem dismal (see this post for an example of this concept).
SPDR Sector ETFs Detail
Only XLE Energy was on the green side this week, XLI Industrial was neutral, and on the red side only XLRE Real Estate, XLK Technology, and XLY Consumer Discretionary escaped the worst rating.
Context - 10 Week Lookbacks, by ETF and by Week
XLE Energy is the only ETF that did not weaken and is the leader at 2Very Strong. XLC Communications, XLF Financials, and XLK Technology all weakened rating and are the weakest at 6Weak.
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.
