Wednesday, July 06, 2016 9:06:23 AM
Bullish Percent:
Here's a way to use the bullish percent chart. This is a contrarian indicator IMO, and gives a setup to buy or sell. In this chart the Transports are mostly on P&F sell signals(under 30%). Now we look for relatively strong transports or just transports that we would like to buy for any reason. Get the list together and wait for the sector to come back into favor. The bullish percent will move above 30% line and signal to buy. This is a top down approach when picking stocks. You could just buy a fund like XTN as well.
Here's a way to use the bullish percent chart. This is a contrarian indicator IMO, and gives a setup to buy or sell. In this chart the Transports are mostly on P&F sell signals(under 30%). Now we look for relatively strong transports or just transports that we would like to buy for any reason. Get the list together and wait for the sector to come back into favor. The bullish percent will move above 30% line and signal to buy. This is a top down approach when picking stocks. You could just buy a fund like XTN as well.
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