So if you look at this chart of the S&P 500, where the red arrows point to when NYSE BPI told you supply was in control (O-column) and green arrows point to when NYSE BPI told you demand was in control (X-column), you might think the NYSE BPI isn't worth that much. Eligibility: The Shaker Giveaway is open to US residents, who have Internet access during the Giveaway Period. We could see a new leg lower should the bears begin coming out in force in the coming days. All things being equal, a flip to O's would mean (as I mentioned earlier) it's time to be defensive. Please enter your shipping details below so we can send you your free shaker! To Enter: Go to BPISports.com/shaker-free and submit the unique code found on Best Aminos bottles at Walmart, in addition to your name and email address. Your BPI credit card … With the cash generated from the sales of the weak positions, we can position ourselves in the best-performing sectors…. The reason is simple. Naturally, extreme readings like those never happen in real life (although readings close to those do happen). If you're new to the NYSE BPI, here's the "nutshell" view. If you don't know how this indicator works and why it's so powerful, please scroll down and read more. And of course scroll down and read my commentary from past occasions when the NYSE BPI has flipped from one column to the other. 9760NN99XXXXXXXX: 9760 - 1st to 4th characters, COMPANY CODE, numeric, fixed value of 9760. When the BPI level is lower, there is less risk to bulls because the lower the BPI is, the more selling has already taken place. For now, I'll just repeat what I wrote yesterday in the previous entry: "So what we're seeing at this time is the very picture of market volatility. No cash or other substitution of prize is permitted, except at the sole option of Sponsor for a prize of equal or greater value. Instead, we look at what is actually happening right now and act accordingly. Sponsor reserves the right to substitute an item in its sole discretion for another item should such item no longer be available at the time of the drawing but in any event the substitution will be of equal or greater value. Also, we have another free website you should add to your "favorites". Bullish positions (all else being equal) are riskier than bearish positions. On Friday the 13th the NYSE BPI flipped back to X's. Get 20% Off Your first order and a chance to Win A YEAR SUPPLY of Pre-Workouts & Aminos! As it happens, the chart was on a Buy signal even when it was in the most recent column of O's. And as the chart remains on a point-and-figure "Sell" signal, the market should be considered weak in the longer term as well. Rogue’s Garden. ... as BPI Sports can also help you with every step of your fitness journey, including recipes for the best protein-packed lunches, updates from the world of bodybuilding, blogs on the best techniques, and more. That's 168 stocks making a significant move. Since we started curating this page, back in January 2016, the most column changes we've seen in a single calendar year is five. That's the very picture of a "washed out" market. To tell if the market is strong over the longer-term we need to know if the BPI is on a "Buy" signal or a "Sell" signal. Specifically, a net 6% of stocks that trade on the New York Stock Exchange have to go on point-and-figure "Buy" signals on their own respective price charts. Savvy investors can take that as further confirmation that now is a good time to get bullish. There are 2,800 stocks trading on the New York Stock Exchange. By placing your order, you agree to BPI Sports privacy policy and terms and conditions. Like the Dow has 30 stocks. That's what caused the signal. The true picture is seen in the NYSE BPI. This time around, the BPI Auto Madness is bigger and better than ever with super low loan rates, FREE 1 year comprehensive insurance or FREE 1-Month Amortization, FREE BPI Family Auto Loan-Petron Value Card, and a wide selection of participating car models to choose from! Maximum twenty (20) winners per day. So you should reduce your bullish exposure, and consider entering bearish positions, which can act as a hedge while also allowing you to profit as stock prices fall. Statements based on early-stage independent 3rd party in vivo and / or in vitro model scientific research data findings for individual ingredients. When a large percentage of stocks are breaking down, it's a dangerous time that can potentially hurt your account to the point where you're recovering for months or even years. It's also worth pointing out that since we began formally tracking the NYSE BPI on this page, the average number of days the chart has remained in an X-column before flipping to O's is 112 days. Obviously, there's much more to say about the NYSE BPI, and some of it has been said in previous updates, which you'll find below. The BPI chart itself is still on a Buy signal (point and figure charts are always on either a Buy signal or a Sell signal at any given point in time; there's no in-between condition). Column changes speak to the short-term while “signals” speak to the long-term. Once it fills the red highlighted box in the column at the far right, the chart will be on a Sell signal and we will be able to say that the longer-term trend has changed from bullish to bearish. Enjoy up to 24 months Real 0% installment at participating Globe stores with your BPI Credit Card. In our most recent update (September 24th) to the NYSE BPI, we discussed the recent flip from an X-column to an O-column. The chart is currently on a point and figure 'Buy' signal -- and will stay that way until this new column of O's (where the lowest 'O' now fills the '48' box) falls below the previous column of O's. Don't try to use it for that purpose. Promo is extended until December 31, 2020 as approved by DTI-FTEB. It shows strong demand, which is typically followed by more upside and that's why this key indicator is suggesting low risk for bullish investors. But field position is important. Again, this flip to X's indicates short term market strength. And that is incredibly difficult to see unless you’re watching this indicator. Even if you didn't win a shaker today, your purchase of Best Aminos makes you a winner. The New York Stock Exchange Bullish Percent Index (NYSE BPI) has reversed up, creating a new X-column, which is to the far right. This Recent Change Is: The BPI went on a "Sell" signal. Right now short-term risk is to the bulls. So what we have just seen in the NYSE BPI is more than 6% of stocks moving to buy signals (experiencing so much buying that the stock price was able to move above past resistance levels, which takes a lot of buying). As of today (July 9, 2019) the NYSE BPI is at 47.78%. Before this recent reversal, the chart hadn't remained this long in a single column since it stayed in X's for 166 days (from September 13th 2019 thru February 26th of this year). Does that mean the stock market is going to go lower? Today’s top deal: 20% off. The last time the NYSE BPI went on a Sell signal was back in February, as the market was swooning from COVID-19. If that happens, it will be telling us that more sellers are participating in the current move lower than participated in the previous one -- a very bearish sign. There are 50 boxes on the chart. That’s because this new O-column could only have been generated after more than 6% of the stocks on the NYSE registered “sell” signals. Additional Conditions: Except where prohibited, by participating in the Giveaway and winning any prize, winner consents to the use of his/her name, photo and/or likeness, email address, biographical information, entry and statements attributed to winner (if true) for advertising and promotional purposes, including without limitation, inclusion in Sponsorâs newsletters (specifically the BPI Insiders Emails), and on the Sponsorâs Instagram page located at instagram.com/bpi_sports, without additional compensation. It ranges from zero to 100%. Starting in the first week in October we saw all the other BPIs move into Xs. (For more on this indicator, scroll down and read the commentary attending previous reversals.). This latest reversal is more than just a change in columns. What set that fourth dip apart was that the NYSE BPI reversed into Os. Price tops tend to take much longer to form than bottoms. In other words, demand (and the bulls) are weakening and supply (and the bears) have taken control. When it's in O's, it means more and more stocks on the NYSE are falling below past key support levels. It just needs to fill an additional two boxes in the current O-column. If you see the NYSE BPI show the most recent column (the farthest column on the right) of Os move below the last column of Os, then the status has changed to Bear Confirmed. Friday, August 7, 2020. With most of the selling having already taken place, there's not much ammo for the bears to push down prices. Sure, timing decisions can be made with it and have certainly paid off big time in the past. Because any level above 70% is considered Overbought... the chart right now has plenty of room to go before reaching that condition. So over the past week we saw the number of stocks on Buy signals fall from about 1,568 (56%) to about 1,120 -- a decrease of 448 stocks, or -28.6%. Said another way, the indicator is saying that the market is strong in the longer term (on a 'Buy' signal) but showing weakness in the short-term (in a column of O's). And those stocks could only register sell signals by falling below key technical support levels. The last time this indicator changed columns -- from Xs to Os -- was on September 21. 6. Price tops tend to take much longer to form than bottoms. When the reading is up around 70%, the overbought level, the opposite is true. 2. A stock goes on a P&F sell signal when it has pushed significantly below a price point where institutions had previous been buying that same stock. How to check your Bonus Madness Limit. And that's what just happened to cause this recent flip. If this is your first time visiting this page - welcome! So to sum up the condition of the market: The longer-term trend is still bullish (but as you just saw, that could change very soon)... and the trend within a trend is bearish. As always, X-columns signify that the wider market has made a meaningful move to the upside. These indicators are telling you that the short-term picture certainly has supply in control of the stock market. Remember, U.S equities have continued being the best-performing asset class by far. Eventually, they run out as they become fully invested. I've marked that box with a red arrow, at the right of the chart. What the New York Stock Exchange bullish percent index has just signaled to us is that 8.39% of all stocks on the NYSE (net) have broken below key support levels. It bounces around between a (theoretical) low of zero -- 0% of NYSE stocks on Buy signals... ... and a (theoretical) high of 100 -- 100% of stocks on Buy signals. |Whitelist Instructions, makes sense to ignore the first signals for bulls to be cautious. That’s why, while smart investors will adopt (or maintain) a bullish stance, they should also recognize that the more overbought the market, the greater the risk to the upside. That means that right before March 26th, when the chart reversed into X's (see the entry dated March 26th) just 8% of stock on the New York Stock exchange were on 'Buy' signals'. There are 2,800 stocks on the NYSE. If you are a stock market trader and you're not glancing at this indicator at least once a week, you're flying blind. That's why I say this bull market started in January 2016 (scroll to the bottom for proof). This gives us a quick snap-shot understanding that we aren’t at the mercy of the S&P 500 performance and staying in the right sectors isn’t very complicated. As it happens, the chart has been on a Buy signal since April of this year. Can continue for them... and therefore their prices fall the Sponsor and not to make the biggest institutional have. 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