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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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  • Market Report - Post Election - Nov 9, 2012 0 comments
    Nov 11, 2012 1:16 AM

    Market Report - Post Election - Nov 9, 2012

    The market was jilted by election surprise. Post election, the major indices dropped over 3%, Dow Jones dropped 3.25%, S&P 500 dropped 3.4%, Nasdaq composite dropped 3.6%. The Bullish Percentage Index of all major indices have now dropped below 70 and some have dropped below 60. Market may be heading for the a correction, S&P 500 has broken all support levels and Dow Jones has dropped below 13000. Several sectors have reached the levels which are ripe for buying when the turn around happens, such as Biotech, Semiconductor and Oil&Gas.

    Market Watch and S&P Sectors Bullish Percent Index for 20121109
    Name BPI 1Dy
    Ch
    2Wk
    Ch
    4Wk
    Ch
    3Mt
    Ch
    6Mt
    Ch
    Hi
    3Mth
    Hi
    1Yr
    Lo
    3Mth
    Lo
    1Yr
    NYSE 65 -2 -4 -6 1 2 74 80 64 43
    NASDAQ 49 -1 -5 -8 -3 -5 59 66 49 39
    DIA Dow Jones Industrial 69 0 0 -17 -14 -4 90 97 69 57
    SPY SP 500 64 -2 -5 -12 -4 2 79 85 64 44
    QQQ NDX 100 54 -2 -5 -12 -9 -1 71 85 54 37
    IJH SP 400 62 0 -2 -4 -2 -2 74 85 61 42
    IJR SP 600 55 -2 -6 -8 0 -4 68 78 55 46
    OEF SP 100 OEX 62 0 -3 -17 -16 -7 85 93 62 50
    IWB Russell 1000 63 -2 -3 -8 -3 2 78 86 63 43
    IWM Russell 2000 54 -2 -6 -9 -1 -2 65 71 54 41
    SPY SP 500 64 -2 -5 -12 -4 2 79 85 64 44
    XLB (Basic Ind Sector) 58 0 0 -19 -5 -2 77 83 58 26
    XLV (Cons Serv Sector) 69 -4 -6 -14 4 4 85 98 63 45
    XLP (Cons Stap Sector) 73 0 0 -7 3 -7 80 90 65 65
    XLY (Cycl/Trans Sector) 56 -6 -8 -16 -9 -4 78 86 56 41
    XLE (Energy Sector) 60 -3 -5 -33 -22 39 96 96 60 14
    XLF (Financial Sector) 80 0 0 -1 11 4 85 90 68 48
    XLI (Industrial Sector) 61 -4 -7 -6 -4 7 76 89 61 31
    XLK (Technology Sector) 50 -1 -5 -13 -7 -7 71 82 47 29
    XLU (Utilities Sector) 77 0 -7 -7 -13 -7 90 91 77 77
    XME SPDR S and P Metals and M 56 0 0 -2 14 25 66 79 42 11
    XOP SPDR S and P Oil and Gas 54 -1 -8 -29 -16 32 84 84 54 10
    XPH SPDR S and P Pharmaceutic 56 -7 -14 -18 -14 -16 74 89 56 48
    XBI SPDR S and P Biotech 30 0 -13 -36 -20 -23 68 78 30 30
    XES SPDR S and P Oil and Gas 36 -2 -13 -24 -38 5 88 88 36 10
    XHB SPDR S and P Homebuilders 81 -4 0 0 19 9 85 93 58 48
    XHE SPDR S and P Health Care 65 0 0 -10 1 -11 86 87 65 39
    XSD SPDR S and P Semiconducto 35 -2 -2 0 -7 -3 50 67 35 19
    XTL SPDR S and P Telecom ETF 50 -2 -2 -4 0 8 60 80 47 35
    XTN SPDR S and P Transportati 62 -3 -6 12 15 -7 68 95 44 42
    EUFN Ishares MSCI Europe Finc 60 -2 -3 -2 22 0 65 76 38 33
    XBD NYSE Arca Broker Dealer I 45 0 -10 -10 9 -10 64 91 36 18
    FIN NDX Financial 100 70 0 -7 -10 5 -6 82 82 63 46

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