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muditwahal
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Interested in technical analysis using Point and Figure charting, Bullish Percentage Index, on major markets, indices and sectors. Write and test new systems using several long/short strategies using ETFs and mutual funds.
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  • Investing: Market Watch Bullish Percent Index For Oct 5, 2012 0 comments
    Oct 8, 2012 12:09 AM

    Market Watch Bullish Percent Index for Oct 5, 2012

    Last week the market took a breather. On Monday, the market gaped up higher in morning but continued to go down as the day progressed. During the midweek, the market tried to come back and it did succeed on Thursday and Friday to touch the high of the Monday. But at the closing on the Friday, the market couldn't hold onto the gains and closed about unchanged/lower depending upon which indices you follow. The BPI (Bullish Percentage Index) for all the major indices are very close to their local highs set within last 2-4 weeks. The large cap S&P 500 Index is strongest but the midcap S&P 400 and smallcap S&P 600 are showing some weaknesses as these have rolled on the downside slightly.

    In S&P 500 select sector ETFs, the technology sector XLK and industrial sector XLI show some weakness as both have turned down from low 70s value are now in low 60s.

    In S&P sector funds, XES (SPDR S and P Oil and Gas Equipt and Servs) sector is showing weakness along with XES (S&P Semiconductor) and XTN (S&P Transportation).

    Market Watch and S&P Sectors Bullish Percent Index for 20121005
    Name BPI 1Dy
    Ch
    2Wk
    Ch
    4Wk
    Ch
    3Mt
    Ch
    6Mt
    Ch
    Hi
    3Mth
    Hi
    1Yr
    Lo
    3Mth
    Lo
    1Yr
    NYSE 72 0 -1 3 15 2 74 80 57 19
    NASDAQ 59 0 0 4 9 -2 59 66 49 20
    DIA Dow Jones Industrial 86 0 -1 3 16 6 90 97 70 20
    SPY SP 500 78 1 0 4 23 3 79 85 56 19
    QQQ NDX 100 71 2 2 4 28 -8 71 85 39 24
    IJH SP 400 69 0 -4 -1 15 -3 74 85 55 13
    IJR SP 600 65 0 -1 2 13 -5 68 78 49 17
    OEF SP 100 OEX 80 0 -2 -1 15 0 85 93 66 20
    IWB Russell 1000 74 1 -2 1 19 2 78 86 56 16
    IWM Russell 2000 65 0 0 5 9 1 65 71 53 18
    SPY SP 500 78 1 0 4 23 3 79 85 56 19
    XLB (Basic Ind Sector) 77 0 0 6 17 21 77 83 53 6
    XLV (Cons Serv Sector) 85 0 4 8 20 -6 85 98 62 12
    XLP (Cons Stap Sector) 80 4 4 4 14 -5 80 90 65 35
    XLY (Cycl/Trans Sector) 78 3 5 10 32 3 78 86 41 16
    XLE (Energy Sector) 93 0 -3 11 49 57 96 96 49 2
    XLF (Financial Sector) 81 0 -3 0 16 -3 85 90 62 9
    XLI (Industrial Sector) 67 0 -8 -2 17 3 76 90 52 15
    XLK (Technology Sector) 64 1 -6 -2 30 -15 71 82 34 29
    XLU (Utilities Sector) 84 0 0 -6 -3 7 90 91 84 61
    XME SPDR S and P Metals and M 63 0 -3 21 37 29 66 79 21 1
    XOP SPDR S and P Oil and Gas 83 2 -1 7 32 50 84 84 51 1
    XPH SPDR S and P Pharmaceutic 70 1 0 0 -3 -6 78 89 67 34
    XBI SPDR S and P Biotech 68 0 2 7 -6 14 78 78 50 22
    XES SPDR S and P Oil and Gas 64 0 -15 -8 33 20 88 88 36 7
    XHB SPDR S and P Homebuilders 81 3 0 12 25 9 85 93 48 3
    XHE SPDR S and P Health Care 83 -1 1 3 14 -1 86 87 58 18
    XSD SPDR S and P Semiconducto 39 0 0 -9 18 -22 50 67 19 19
    XTL SPDR S and P Telecom ETF 58 2 -2 4 19 -2 60 80 35 16
    XTN SPDR S and P Transportati 47 3 -6 -6 -17 -22 67 95 42 5
    EUFN Ishares MSCI Europe Finc 59 0 -1 3 21 -10 62 76 33 25
    XBD NYSE Arca Broker Dealer I 55 0 0 10 19 -36 64 91 18 1
    FIN NDX Financial 100 82 0 8 14 18 6 82 82 62 19
     

     

    (click to enlarge)
    S&P 500 Index      

     

     

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    Dow Jones Index                    

     

     

    (click to enlarge)
    Nasdaq Composite Index

    (click to enlarge)

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