I was prepared to post a note in the Forum notifying readers there were no BPI changes this week.  Not so.  Be prepared to set a TSLO for one overbought sector.  Check below to see which one is overbought.

Several days ago I posted a notice in the Forum that Technology dropped into the oversold zone.  On Friday the sector dropped even further making VGT a very good buy at this point.  Three other sectors are down into the 30% bullish zone so we need to keep an eye on those three this coming […]

Point and Figure charts are unique to Technical Analysis. Bullish Percent Indicator (BPI) data for this week informs us this was a good week for U.S. Equities.  Not every indicator moved up, but the vast majority showed an increase in the percentage of bullish stocks.  The data found in the following tables comes from StockCharts […]

U.S. Equities were a tad erratic this week as some indexes and sectors of the market performed very well while others took a hit.  Technology stocks were a good example as the NASDAQ and VGT dropped significantly.  Energy on the other hand jumped up into the overbought zone. In addition to the two BPI tables […]