We end the second quarter of 2023 on a strong note with the vast majority of indexes and sectors bullish.  The “Misery Index” stands at 7.7 or one of the lower values for an administration approaching reelection for a second term. New signals are generated by changes in two sectors and I’ll get to that […]

  While this past week was purported to be one of the weakest weeks for equities since last March, the Bullish Percent Indicators paint a slightly less pessimistic picture.  While every major index, with exception of the two Dow indexes, declined slightly, all with exception of the NASDAQ 100 remain bullish.  Portfolio values did decline […]

Bullish Percent Indicators (BPI) for this week will bring changes in a few Sector BPI Plus portfolios as the Industrial sector moved into the overbought zone.  A Trailing Stop Loss Order is called for if you are holding either VIS or IYJ in the portfolio.

Bullish Percent Indicator (BPI) data for the past week shows positive increases in nearly all the major indexes.  As for the individual sectors, Utilities is still recommended as a Buy as the BPI continues to rest on the 30% bullish mark. Index BPI U.S. Equities are neither oversold or overbought as the major indexes are […]

Friday’s strong market turned out to be a positive injection for the U.S. Equities market.  International ETFs benefited as well.  This reaction to the debt limit solution is reflected in the first screenshot below.  What is somewhat surprising is that approximately 50% of the stocks in the indexes are still bearish.  In other words, the […]

Readers testing the Sector BPI Plus model will want to pay attention to the following Bullish Percent Indicator data as changes are recommended.  Despite ending the week on an up note, the majority of the index and sector BPI recommendations are bearish.