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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
    NameBPI1Dy
    Ch
    2Wk
    Ch
    4Wk
    Ch
    3Mt
    Ch
    6Mt
    Ch
    Hi
    3Mth
    Hi
    1Yr
    Lo
    3Mth
    Lo
    1Yr
    NYSE720-1315274805719
    NASDAQ590049-259664920
    DIA Dow Jones Industrial860-1316690977020
    SPY SP 5007810423379855619
    QQQ NDX 1007122428-871853924
    IJH SP 400690-4-115-374855513
    IJR SP 600650-1213-568784917
    OEF SP 100 OEX800-2-115085936620
    IWB Russell 1000741-2119278865616
    IWM Russell 2000650059165715318
    SPY SP 5007810423379855619
    XLB (Basic Ind Sector)7700617217783536
    XLV (Cons Serv Sector)8504820-685986212
    XLP (Cons Stap Sector)8044414-580906535
    XLY (Cycl/Trans Sector)78351032378864116
    XLE (Energy Sector)930-31149579696492
    XLF (Financial Sector)810-3016-38590629
    XLI (Industrial Sector)670-8-217376905215
    XLK (Technology Sector)641-6-230-1571823429
    XLU (Utilities Sector)8400-6-3790918461
    XME SPDR S and P Metals and M630-32137296679211
    XOP SPDR S and P Oil and Gas832-1732508484511
    XPH SPDR S and P Pharmaceutic70100-3-678896734
    XBI SPDR S and P Biotech68027-61478785022
    XES SPDR S and P Oil and Gas640-15-833208888367
    XHB SPDR S and P Homebuilders8130122598593483
    XHE SPDR S and P Health Care83-11314-186875818
    XSD SPDR S and P Semiconducto3900-918-2250671919
    XTL SPDR S and P Telecom ETF582-2419-260803516
    XTN SPDR S and P Transportati473-6-6-17-226795425
    EUFN Ishares MSCI Europe Finc590-1321-1062763325
    XBD NYSE Arca Broker Dealer I55001019-366491181
    FIN NDX Financial 10082081418682826219

     

     

    (click to enlarge)
    S&P 500 Index   

     

     

    (click to enlarge)
    Dow Jones Index          

     

     

    (click to enlarge)
    Nasdaq Composite Index

    (click to enlarge)

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