Minor changes showed up this week in the Bullish Percent Indicators. For new Platinum members, this data is not used to manage portfolios. Instead, we use BPI data to provide a broad view of how the major indexes and sectors are performing. Last week showed general declines across the board.
Index BPI: Of the major indexes, only the Dow Jones Industrial Average (DJIA) improved. All others declined or remained even. All but the transportation average are still in the offensive camp as shown by the X’s and O’s on the right side of the table. Check back over a few past BPI posts to get a feel for what this BPI information is telling you.
Sector BPI: Sector BPI data is telling a similar story. A few sectors moved up a few percentage points while a few moved down. The changes were insufficient to move or change any sectors defense to offense or vice versa. A 3% change is required to move the offense-defense needle up or down.
Overall, this was a rather dull market as we wait to see what policies the new administration sets in motion. For those readers using the Kipling spreadsheet for portfolio guidance, I recommend using conservative risk settings. On Thursday I will be reviewing the Huygens so follow that analysis.
There are several new Platinum members. So you can see how the Kipling SS works, I may do a pre-review of a portfolio so you pick up clues as to how portfolios are managed using the Tranche Momentum Model.
Later this morning I will post the portfolio performance data from last week. In addition, the Pasteur Portfolio will be reviewed. If readers have questions, contact me through the Contact tab or write to either firstname.lastname@example.org or email@example.com.