Eight of Nine Sector Bullish Percent Indices are Trending Higher

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The Bullish Percent Index (BPI) shows the percentage of stocks on Point & Figure buy signals within a specific group. Even though bulls have the edge when the BPI is above 50%, chartists also need to watch the direction of the BPI. The image below shows six sector BPI charts in CandleGlance form. All six are above 50%, but the Utilities Bullish% Index ($BPUTIL) has been trending down since early August.

Screen Shot 2012-09-17 at 15.58.34


Click this image for a live chart

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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