Bullish Percent and VXN type indicators

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Strategies & Market Trends
Bullish Percent and VXN type indicators

An SI Board Since May 2002

Posts	SubjectMarks	Bans
119	27	0

Emcee: Steve Lee	Type: Unmoderated

Introduction Compact

May 9, 2002:

I find Bullish Percent and VXN/VIX to be useful indicators.

However they only relate to a small group of sectors/indices. It would be nice to have bullish percent and implied options volatility figures relating to the SOX and BTK for example.

I am going to look into calculating values for such indicators myself. Not sure how much work will be involved or if I will complete the project. Any assistance would be great from someone interested in doing the same, or even better if someone has already done this or knows of somewhere that the results are already available.

May 21, 2002:

The original intent of this thread was twofold:
1) To work out how to calculate BP and implied volatility figures for certain sectors
2) To Track those values in order to find out if they have predictive value

Since the thread was started, there has been valuable input which has helped satisfy point 1 above. It turns out that PnF software is available to automatically calculate BP figures for any group of stocks one might define. Plus there is a website, ivolatility.com that gives implied volatility for indices and stocks through options analysis - in a similar way to how VIX & VXN are calculated.

Until this data has been recorded for a while, I cannot assign any predictive value to it. In the meantime we can hypothesise and look into other tools and studies that provide related info.

Thanks for the input so far.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
119	*VIX and VXN charts here...http://www.ttrader.com/mycharts/display_album.php?id=	Softechie	-	2/23/2003
118	Steve, Thanks for both of those replies. Best Michael	Michael	-	10/25/2002
117	The post from Les about 21 DMA vs. 10 DMA is a reply to this one: Message 18111	Steve Lee	-	10/25/2002
116	the VXN 55 thing is just an observation. I wouldn't call it a rule as there	Steve Lee	-	10/25/2002
115	<i>And yes overbought can get more overbought, as I have found recently wi	Michael	-	10/24/2002
114	I tend to concentrate on the 10 SMAs too but Les recently noted that he finds th	Steve Lee	-	10/24/2002
113	Thanks Steve, I've seen Les's work, but I am not sure how to interpret	Michael	-	10/24/2002
112	Hi Michael What I did was make a webpage on my hard disk that showed the charts	Steve Lee	-	10/24/2002
111	Hi Steve, I seem to remeber you had a plan to develop BP indicators for sub-sec	Michael	-	10/24/2002
110	August 30 LLTC puts have very little premium. Tempting.	Steve Lee	-	8/2/2002
109	Since I mentioned Arch Crawford in my last post... <<<"JULY 13-15	CF Rebel	-	7/20/2002
108	Well, I can't argue with your overall conclusion as I too think the market h	lifeisgood	-	7/15/2002
107	LIG, My point was that anytime the 37.5 level on the NazComp BPI chart is reach	CF Rebel	-	7/15/2002
106	<i>Nasdaq Comp. Bullish Percent Index, closing in on a bottom: stockcharts	lifeisgood	-	7/11/2002
105	Nasdaq Comp. Bullish Percent Index, closing in on a bottom: stockcharts.com[e,a	CF Rebel	-	7/10/2002
104	Market appears to have some strength today, which may be a sign that the recent	Steve Lee	-	7/9/2002
103	$BPSOX = 29.4 $BPBTK = 5.9 & $BPNDX = 17 for Jul 8	Steve Lee	-	7/9/2002
102	Interesting divergence between Bullish %Naz100 and QQQ last week and today. Bull	HighTech	-	7/8/2002
101	Last time was beginning of May when this thread started. I didn't track it b	Steve Lee	-	7/6/2002
100	Steve you don't happen to know how many times that 0 has occurred with the S	deathandtaxes	-	7/5/2002
99	$BPSOX = 0 $BPBTK = 11.8 & $BPNDX = 13 for Jul 1	Steve Lee	-	7/2/2002
98	$BPSOX = 5.9 $BPBTK = 23.5 & $BPNDX = 16 for Jun 17	Steve Lee	-	6/25/2002
97	240-260 is deep doo-doo. My actual initial projection was for 300. That channel	LTK007	-	6/21/2002
96	Max, I agree that the Bios are in DEEP doo-doo, but I'm projecting a maximum	augieboo	-	6/21/2002
95	Steve looking NDX implied volatility i still see INSTABILITY and i , for now, re	LTK007	-	6/18/2002

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