Sector Investing

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There are lots of good signs that we may have just seen a significant bottom forming. Yesterday was a 90% upside day on the NYSE and 89% to 11% upside on the NASDAQ.

The volatility indexes hit heights not seen in years. The put to call ratio has been very high for a very long time. It's hard to find anything that is not showing long term bottom like numbers. Of course we are still in the midst of what is usually the worst months of the year for the market so a retest is not out of the question but look at the BP numbers overall. Some of those BP numbers have become very low:

Sector Bullish Percentages: BP Consumer Discretionary, BP Transports, BP Industrials, BP Materials, BP Information Technology etc. The Early Recovery Movers:

The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%:




































Mid Cycle Movers:














BP Telecom Services Sector, BP Healthcare, BP Utilities and BP Financials - Late cycle movers after the market top is in.

The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%:

















Sector Bullish Percentages: BP Consumer Discretionary, BP Transports, BP Industrials, BP Materials, BP Information Technology etc. The Early Recovery Movers:

The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%:




































Mid Cycle Movers:














BP Telecom Services Sector, BP Healthcare, BP Utilities and BP Financials - Late cycle movers after the market top is in.

The Bullish Percent Index (BPI) is a popular market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group. Bullish Percent levels that are above 70% are considered overbought, whereas levels below 30% are considered oversold. Strong buy signals occur when the Bullish Percent Index falls below 30% and then reverses up by at least 6%. Conversely, promising sell signals occur when it goes above 70%, and then reverses down by at least 6%: