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 […]

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 […]

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 […]

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.

“Bullish Percent Indicators are technical analysis tools used in financial markets to gauge the overall sentiment of investors. They are represented by Point and Figure graphs, which track the percentage of stocks in a given market or index that are exhibiting bullish patterns. These indicators help traders and investors assess market conditions and make informed […]