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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST

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To: Gottfried who wrote (15340)5/23/2004 12:16:32 PM
From: Return to Sender   of 95574
 
Bullish Percent Index

stockcharts.com

The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%.

It is important to note that the Bullish Percent Index is not something that can be applied to a single stock but rather an index that is calculated for a group of stocks.

The most popular version of this chart is the NYSE Bullish Percent ($BPNYA) which is mentioned prominently in Thomas Dorsey's book, Point & Figure Charting however it is important to remember that the Bullish Percent index can be calculated for any grouping of stocks.

Because the NYSE's Bullish Percent Index is so closely followed, each day we also publish the list of NYSE stocks with P&F buy signals as well as the list of all stocks in the current NYSE "universe". Those lists can be found on our NYSE BPI Components page.

Traditionally, the Bullish Percent indicator is charted on a Point and Figure chart using a 2 point box size. However, the indicator can also be charted and studied using standard charts as well.

Current Bullish Percent charts:
NYSE ($BPNYA)
Nasdaq ($BPCOMPQ)
Nasdaq 100 ($BPNDX)
Dow Industrials ($BPINDU)
S & P 500 ($BPSPX)
S & P 100 ($BPOEX)
Toronto Stock Exchange ($BPTSE)
S&P Consumer Discretionary Sector ($BPDISC)
S&P Energy Sector ($BPENER)
S&P Financial Sector ($BPFINA)
S&P Healthcare Sector ($BPHEAL)
S&P Industrial Sector ($BPINDY)
S&P Information Technology Sector ($BPINFO)
S&P Materials Sector ($BPMATE)
S&P Consumer Staples Sector ($BPSTAP)
S&P Telecom Services Sector ($BPTELE)
S&P Utilities Sector ($BPUTIL)
Dow Jones Transportation Sector ($BPTRAN)
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