Another positive week for U.S. Equities is evident in the following Bullish Percent Indicator data sheets. Only one change and that occurred in the Dow Jones Transportation Average (DJTA).
Index BPI: We lost the DJTA to the offense as this average moved from 50% bullish stocks down to 40%. It takes fewer stocks to move this average as there are fewer companies in the transportation average. All the other indexes increased in the percentage of bullish stocks.
Sector BPI: As with the major indexes, the majority of sectors either held even or showed an increase in the number of bullish stocks.
If you recall, a decision was made to hang on to VFH in one portfolio. Note the move of Financials from 68.65% up to 74.62%. To hold VFH instead of selling out was the correct move. It will not always work out this way.