China
It has been several weeks since I last posted data on Bullish Percent Indicators. This week we have clues that large cap stocks continue to drive the U.S. Equities market. The sector BPI data also carries important information, although it may not impact our Sector BPI portfolios. This depends entirely on what ETFs are currently populating the Sector BPI portfolios.
Another announcement is crucial to this blog. The Investment Account Manager (IAM) data download issue has been solved. As a result I will update the Copernicus in a few hours.
Index BPI
The two broad indexes, NYSE and NASDAQ continue to hover around the 50% bullish mark. Contrast this to indexes such as the S&P 100 and Dow Jones Industrial Average (DJIA), both overbought. Large-cap stocks are performing better than indexes that include small- and mid-cap stocks. ETFs such as VOO are outperforming a broader ETF such as VTI.
Sector BPI
Check your Sector BPI portfolio, if you are using this model, and see if the portfolio is carrying shares of VDE. Place an order of VDE if the portfolio is not currently carrying shares.
If TSLOs are not in place for VDC, VFH, VIS, VPU, and VNQ, do so immediately. Pay most attention to changes that took place this week. The three sectors experiencing change are: Staples, Energy, and Industrial.
As mentioned above, I will update the Copernicus now that I have access to IAM data information.
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After updating the BPI spreadsheet this morning, no changes are recommended since the last update. Energy is still oversold or the same as last week. Overbought sectors are not impacting any of the portfolios as we either sold the ETF or have a 3% limit order in place.
Lowell
BPI information as of 9/27/2024:
Energy is still a Buy as the sector contains 27.27% bullish stocks. All other sectors are overbought and and candidates for a Sell. Health is positioned at 69.69% bullish so it is sufficiently close to 70% to call for a sell.
If you are running a Sector BPI portfolio make sure you are holding shares of VDE and 3% TSLOs are set for all other sector ETFs in the portfolio. I think most of us are holding only VCR and VDC.
Lowell
There are no major changes in the BPI data that will impact Sector BPI portfolios. In other words, there are no new Buy or Sell signals.
Energy took a major leap out of the oversold zone by jumping from 27.27% bullish (Buy zone) up to 68.18% bullish. I don’t recall ever seeing such a jump. Our investments in VDE should be performing quite well.
All sectors with exception of Staples, Energy, and Health are still overbought. Most declined in the percentage of bullish stocks, but continue to remain overbought.
Lowell
No need to publish BPI data as no changes are recommended this week (10/11/2024). Energy (VDE) is the only significant holding in the Sector BPI portfolios. The Energy sector nearly moved into the overbought zone, but then backed off.
Sector BPI portfolios will have cash which is invested in VOO and/or VTI.
Lowell
There are no changes in the Sector BPI readings. Therefore there is no need to post BPI data. I am still holding VDE as it has yet to move into the overbought zone.
No sectors are even close to the oversold zone. Overall, it was a poor week for U.S. Equities as nearly every index and sector moved down.
Lowell
With the market down this morning I checked to see if any sectors dropped into the oversold zone. None have. Telecommunications moved into the overbought zone, but none of the Sector BPI portfolios I track are holding shares of VOX.
Staples and Health (48.64 and 43.93 respectively) are the closest to oversold.
Lowell
Another week passed an no major changes in the BPI data (11/8/2024). No sectors are in the oversold zone and Energy is far from being overbought. Therefore do nothing at this point. I assume everyone using this model has their TSLO set for VDE.
Lowell
This morning I once more checked the Bullish Percent Indicators and no sectors are close to the oversold zone. If you are using the Sector BPI investing model you continue to hold Energy (VDE). This sector is not overbought so we will continue to hold shares and be patient.
Overall this was not a good week for U.S. Equities and several of the major indexes turn bearish (dropped in the number of bullish stocks) and numerous sectors followed a downward trend. Perhaps the “bloom is off the election rose” and the latest cabinet appointments have investors scratching their heads as to what has gone wrong with Americans. OK. A tad over 1/2 the voting population.
Lowell
No sectors dropped into the oversold zone this week (12/13/2024), but Materials is close with a 34.48% bullish percentage. If the market continues to drop next week this sector will likely show up as a Buy.
Lowell
Materials dropped into the Buy zone (12/17/2024) so place your orders for VAW if you are using the Sector BPI investing model.
Lowell
Lowell,
VAW continues to drop in price, $189.35, as I write this. The PnF chart reading is at 13.79. I’ve been setting STOP buy orders at $2.00 above the price at the end of each day, based on the BID price. As a result, the STOP price has been declining daily. I currently have a BUY price of $192.50. The intent is not to buy at the bottom, but to let the price continue to drop before triggering a buy order after a small corrrection.
I’m also watching VDE (energy). It is currently at 36.36.
~jim