Quoting from stockcharts.com:
"In any given SCTR universe, the top 10% will rank between scoring of 90 and 100, while the bottom 10% will rank between the scoring of 0 and 10. 90-100 represent strong strongest scoring, while 0-10 represent weakest scoring. A stock scoring 50 would be average, showing neither relative strength nor relative weakness. In general, scores between 40 and 60 are considered average. Signs of technical weakness start to appear as scores move below 40. Signs of technical strength emerge when scores move above 60."
The below is how to access the SCTR Indicator Reading:
(Click on Illustration above to Expand)
(Do read from here so that I do not need to re-invent the wheel):
This represents tier one in which we would seek to be overweight and is why I had reiterated countlessly to be overwhelmingly over-skewed (overweight) towards such markets when buying stocks. It is also why my US stock market portfolio (70% are in US market) is the best performing with the NYSE-NASDAQ Top 8 Stocks analysed previously mostly giving good returns and will continue to do so in the next 9mths-12mths. Even those outside the US Top 8 as choices are giving me outperforming returns since January 2018.
In the 6th tier, we have very weak markets whose growth are taking hits. Based on this tier, it is quite glaringly clear that Trump's trade war on especially the high end sectors is taking a toll on these economies. Germany's, Korea's and China's meat seem to be becoming US' meat. In this 6th tier of markets which we would want to seek to avoid, they are Austria, Germany, S.Korea and China. The trend is one's best friend and they are likely to remain weak in growth in 2019 when their meat are eaten by Trump administration -- not that they are unable to grow, but their growth will far under-perform global markets now.
In the penultimate layer, we have the 7th tier ranking making up of Spain, Emerging Market Bloc, Russia and Italy. They have a score of 9.1, 9.0, 7.0 and 3.8 respectively. They are extremely weak. They are so weak that they may even be considered for shorting on short term strengths to hedge the volatility and protect one's portfolio of longs and investments -- for example when market dips, long US and when markets rebound, short these weakest markets in the macros background.
On the last final tier, the 8th tier, we have the Brazil markets (and South Africa). Brazil seems a potential to join Venezuela sort of mess or embarrass the BRICS.
Note also that US markets of NASDAQ, S&P500 and Dow Jones had consistently and persistently been above the SCTR score of 50. If one had been tracking SCTR periodically, and had determined US markets had been the place to be in (correlation: strongest market reflecting strongest economy), one's trading and investing portfolio performance would generally be outperforming and most rewarding on the macros (after that then apply the micros to select best stocks).