ITA Wealth Management

  • Home
  • Blog
  • Guest Registration
  • Lifetime Member
  • Forum
  • Reset Password
  • Contact Me
  • About Me
You are here: Home / Technical Indicators / Bullish Percent Indicators / Bullish Percent Indicators: 24 June 2022

Bullish Percent Indicators: 24 June 2022

June 25, 2022 By Lowell Herr Leave a Comment

Bullish Percent Indicators: 24 June 2022 1

This past week was very strong for U.S. Equities and it raises the question – did we hit the market bottom?  That seems unlikely with high inflation, but rather than make any predictions, let us check the Bullish Percent Indicator percentages.  The top data table examines seven major market indexes while the second table breaks the market into ten sectors.

Index BPI

All the major indexes show an increase in the percentage of bullish stocks with exception of the Dow Jones Transportation Average (DJTA).  Several are still very close to the 30% over-sold zone.  Many opportunities exist for purchasing equities or there is plenty of headroom for upward movement.

Bullish Percent Indicators: 24 June 2022 2

Sector BPI

Bullish Percent Indicators of specific sectors is where one might go to look for buying opportunities.  While all ten Point and Figure (PnF) are bullish this week, five sectors are still over-sold.

To take advantage of over-sold sectors, I’ve been placing limit orders for sectors such as Financials, Industrial, and Materials.  The idea is to hold these sectors until they show over 70% bullish stocks at which time very tight Trailing Stop Loss Orders are set in an effort to lock in profits.

In a week such as this past one, I puzzle why Energy and Industrial did not move up.  I’ll check on these sectors mid-week to make sure there is not an error in the data.

Bullish Percent Indicators: 24 June 2022 3

ITA is now free to all who register as a Guest.  Former Platinum members have been grandfathered to the Lifetime level.

(Visited 67 times, 1 visits today)
facebookShare on Facebook
TwitterTweet
FollowFollow us
PinterestSave

Filed Under: Bullish Percent Indicators, Technical Indicators Tagged With: Bullish Percent Indicators

Leave a Reply Cancel reply

You must be logged in to post a comment.

Popular Posts

  • Portfolio Management In A Volatile and Bearish Market
  • Hawking Portfolio Review – 1 April 2022
  • Rutherford Portfolio Review (Tranche 1): 8 April 2022
  • How To Handle This Selloff: 18 May 2022
  • 2022 Guidelines for Relative Strength Portfolios
  • Rutherford Portfolio Review (Tranche 5): 1 April 2022
  • Using Volatility as a Diversifier and a Portfolio Hedge
  • Bullish Percent Indicators: 20 May 2022
  • Investment Policy Statement: February 2022
  • Darwin Portfolio Review: 18 April 2022

General Investment News

Portfolios coming up for review are:  McClintock and Gauss.  Non-scheduled portfolios may be reviewed.  If you are a new user, check the posts you missed. Links to Random Posts are found in the lower right-hand footer or just to the right of what you are now reading.  Most popular posts are found in the lower left-hand footer.

Check the Forum for more detailed information.  If you wish to begin a financial discussion, use the Forum.

Contact me at itawealth@comcast.net if interested in a Lifetime Membership.  Long-time Platinum members are now Lifetime members and this blog is free to all who signup as a Guest.  A few blogs are reserved for Lifetime members.

Random Posts

  • Bullish Percent Indicators: 28 January 2022
  • Gauss Interim Review: 17 January 2022
  • Millikan Portfolio Review: 27 January 2022
  • Galileo Portfolio Review: 22 March 2022
  • Hawking Portfolio Review – 1 March 2022
  • Bullish Percent Indicators: 22 July 2022
  • Bullish Percent Indicators: 5 August 2022
  • Rutherford Portfolio Review (Tranche 1): 13 May 2022
  • Bohr Interim Update: 25 January 2022
  • Rutherford Portfolio Review (Tranche 5): 1 April 2022
  • Darwin Portfolio Review: 20 May 2022

Log in | Website Design by BOING