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 […]

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 […]