SMO Insights Mon 2026-11-02: Phase +1 Bullish New +36.7% MSS (+4.5%) (10 days Bullish)

Brian Degracia

03 Nov 2026 • 3 min read

Sector Strength Terrain Clock showing Phase +1 Bullish New. One bullish industry is on the verge of flipping to bearish and four bearish industries are close to switching to bullish. Consumer Cyclicals and Energy are uniformly strong. Healthcare and Industrials are mostly strong, while Basic Materials and Financial are mixed. Technology and Utilities are mostly weak. Communications is uniformly weak.

See About for more detailed background to this analysis. TLDR: objectively measure strength at multiple market levels to logically guide portfolio exposure.

Large MSS increase today. Tenth day of new Bullish Phase. The previous Bearish phase was five days and the preceding Bullish phase lasted six days.

SMO Market Strength Score Gauge

Provides 12 month context against prior scores and the S&P 500 for today's MSS.

The one year MSS extremes are 75.2% on 2026-04-21 and -96.4% on 2026-10-01.

SMO Industry Strength Scores by Sector

The sectors are listed alphabetically and below each are their component industries listed alphabetically. The Six Phase thresholds are labeled along with the current Market Strength Score. This reveals sector strength breadth and depth.

SMO Industry Strength Scores Ranked

The industries are listed based on strength score, first strengthening industries then weakening industries. The Six Phase thresholds are labeled along with the current Market Strength Score. This reveals the least and most extended industries.

SMO Sector and Sector ETFs High-Level Reports

The Sector Report lists the strength spectrum readings for the 11 sectors. The Sector ETFs Report lists the strength spectrum readings for the 11 sector ETFs. Each report also shows the combined strength spectrum for all stocks in this universe and for the major indexes S&P 500 and NDX.

This provides a broad overview of market strength and weakness pockets.

SMO Sector Mid-Level and Detailed Reports

The following Sector Mid-Level and Detailed Reports provide more refined market strength pockets, potential relative lasting power for these strengths, and a logical foundation for potential stock-/option-specific actions.

The Sector Mid-Level Report below lists the strength spectrum readings for all stocks and the major indexes S&P 500 and NDX, then lists the same for key sectors and sector ETFs.

The Sector Detailed Report below expands upon the Sector Mid-Level Report by overlaying the Sector Strength Terrain Clock Industry Strength Scores and adding industry and sub-industry detail.

SMO Ranked Reports

The following provide strongest to weakest ranked views of the sectors, industries, and sub-industries.

Sector ETFs Ranked Report

Industry Ranked Report

Sub-Industry Ranked Report, Strongest and Weakest Only

The sub-industries report shows only those ranked 3Stronger, 2Very Strong, 1Strongest, 7Weaker, 8Very Weak, and 9Weakest.

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