Bullish Percent Indicator (BPI) data points to another strong week for U.S. Equities.  While Energy dropped out of the overbought zone, two other sectors moved above the 70% critical bullish line.  The month of May is off to a much better start than anticipated.

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 you peruse the following data. Based on the BPI data, this […]

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 both show weakness when we […]

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 market.  This is one of the reasons for holding a large percentage […]

It would not have been necessary to post the Bullish Percent Indicator data this week as no changes are in store for those readers using the Sector BPI investing model.  However, it is useful as we enter the summer months to keep an eye on sectors that may drop into the oversold zone.  Other than […]

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 in the oversold zone.  This […]