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StockCharts.com provides Bullish Percent Index symbols for ten sectors, six indices and the gold miners. First, let’s define the Bullish Percent Index (BPI). The BPI is a breadth indicator that shows the percentage of stocks in a given index with Point & Figure (P&F) buy signals. If 60 of the 100 stocks in the S&P 100 are on P&F buy signals, then the bullish percent index would be 60% (60/100 = .60 or 60%). Readings above 50% favor the bulls, while readings below 50% favor the bears. Chartists can also apply basic technical analysis to define the trend and use directional moves to time market swings.
Click on this chart to see more details.
The chart above shows S&P 100 Bullish% ($BPOEX) over the last eight months. Even though the indicator was above 50% the entire time, there were some pretty big swings between 52% and 85%. The indicator rose from July to September and then broke support in late October. This downtrend extended into November and ended with a breakout in early December. The BPI remains in an uptrend with support marked at 78.5%. You can read more about the Bullish Percent Index in our ChartSchool. Stockcharts.com provides the Bullish Percent Indicator for the following:
$BPNYA - NYSE
$BPCOMPQ - Nasdaq
$BPOEX - S&P 100
$BPNDX - Nasdaq 100
$BPSPX - S&P 500
$BPINDU - Dow 30
$BPDISC - Consumer Discretionary
$BPSTAP - Consumer Staples
$BPENER - Energy
$BPFINA - Finance
$BPHEAL - Healthcare
$BPINFO - Info Tech
$BPINDY - Industrial
$BPMATE - Materials
$BPTELE - Telecom
$BPUTIL - Utilities
$BPGDM - Gold Miners
Click on this chart to see more details.
The chart above shows S&P 100 Bullish% ($BPOEX) over the last eight months. Even though the indicator was above 50% the entire time, there were some pretty big swings between 52% and 85%. The indicator rose from July to September and then broke support in late October. This downtrend extended into November and ended with a breakout in early December. The BPI remains in an uptrend with support marked at 78.5%. You can read more about the Bullish Percent Index in our ChartSchool. Stockcharts.com provides the Bullish Percent Indicator for the following:
$BPNYA - NYSE
$BPCOMPQ - Nasdaq
$BPOEX - S&P 100
$BPNDX - Nasdaq 100
$BPSPX - S&P 500
$BPINDU - Dow 30
$BPDISC - Consumer Discretionary
$BPSTAP - Consumer Staples
$BPENER - Energy
$BPFINA - Finance
$BPHEAL - Healthcare
$BPINFO - Info Tech
$BPINDY - Industrial
$BPMATE - Materials
$BPTELE - Telecom
$BPUTIL - Utilities
$BPGDM - Gold Miners
