Monument Valley It has been several weeks since I posed BPI data as there were no changes that merited posting static information.  This past week it was different as Discretionary, Energy, and Technology all moved into the oversold zone.  With the market rebound after the dramatic draw-down, only Energy remains

Bullish Percent Indicators were mixed this week.  Both major indexes (NYSE and NASDAQ) declined in the number of bullish stocks.  Large tech stocks performed well as we see improvement in the NASDAQ 100.  We do not see broad strength in the U.S. Equities

Friday’s uptick near the market close was insufficient to counter the broad decline in the major indexes and sectors of U.S. Equities.  I assumed we might see a few sectors turn bullish based on the surge late Friday.  Not so.  Only one index and one sector are currently bullish and

Bullish Percent Indicators (BPI) provide a different way of looking at or checking market action.  The data provided in the two following tables is quite provincial in that the data focuses on U.S. markets and omits all international markets.  Keep that in mind as