Don't Ignore This Chart!

Nasdaq Bullish Percent Index will Signal the Return of the Bulls

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$BPCOMPQ Chart

(Click on the chart for a live version)

The Nasdaq Bullish Percent Index represents the percentage of Nasdaq stocks that have Bullish signals on their P&F charts.  Typically, readings oscillate around 50.  Readings above 60 are rare and indicate a strong rally is underway.  Readings below 20 are also rare and usually indicate market weakness.

$BPCOMQ's strong move above 60 in early 2003 signaled the end of the last bear market.  Expect a similar move to herald the end of the current recession.

Chip Anderson
About the author: is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More
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