Each week I post a table of the Bullish Percent Index (BPI) values for both the major U.S. markets and sectors of the market.  This week showed no major changes in any of the markets other than each declined slightly with exception of the Dow Jones Transportation Average (DJTA) and it remained constant.  None of […]

Before entering the numbers for the major indexes and individual sectors, I try to guess what happened over the past week.  Friday’s market was a surprise so I am guessing not many changes occurred this week.  Otherwise, I would have predicted a down market, but not sufficient to switch from offensive teams to defensive teams.  […]

Despite the end-of-week rally, many Bullish Percent Indicators (BPIs) dipped this week.  There were a few interesting situations where a particular sector actually dropped in the percentage of bullish stocks, but still switched from the defensive team (bearish) over to the offensive team (bullish).  The Staples and Materials sectors are two examples.  While I post […]

All major markets are under the control of offensive teams for the first time since last August.  On the semi-negative side, all indexes are now well into the over-valued zone or above 70%.  Considering what we have been through this past week, I’ll take it and not complain one bit. Major Market BPI:  Everyone of […]

Strength was evident in nearly every major U.S. equities market or sector of the market this past week.  No significant changes showed up in any of the major indexes.  Our primary market, the NYSE, grew even stronger this past week as if moved from 74.15% bullish up to a very high 75.75% bullish.  Anything over […]

The Bullish Percent Indicator (BPI) take away this week is that we are still in a very strong market.  Just examine the following numbers and you will reach the same conclusion. Market BPI:  All major markets retained their offensive stance despite a small percentage decrease in markets such as the all-important, NYSE.  The DJTA took […]

Intuition tells me that most of the Bullish Percent Indicators (BPI) will show an uptick this week.  Not quite so fast as the results are mixed. Market BPI:  Our primary index, NYSE, dropped in value but not to the extent of handing the ball over to the defensive team.  The NASDAQ 100 and DJIA did […]