Heres14U
Member
Good Morning;
The Bullish Percent Index reading has moved back above its 5dyema. It’s possible for the market to move a little higher here but as we close in on 66% (the last reading where the $BPNYA peaked) caution is warranted IMO. The Index currently stands at 61.05%.
I have listed below prices, and moving averages for, C, S, I, $BPNYA (Bullish Percent Index), $VIX (Volatility Index), and $USD (US Dollar). The $VIX is currently channeling downward which is good but with stocks looking toppy here according to the $BPNYA, you have to wonder if the $VIX downtrend is coming to an end.
The F-fund seems to work best with the Slow Stochastics indicator so I have listed the numbers relating to the fast line and the slow line. When the numbers are above 80 then cross below 80, that would be a sell signal. When the numbers are below 20 then cross above 20 that would be a buy signal. If the number stays above 80 or below 20 for 3 or more days, they are “embedded“. When embedded the F should be gaining momentum either upward or downward. The F fund slow stochastic indicator is still bullish at this time.
$BPNYA (NYSE Bullish Percent Index) is still considered bullish but dangerous with the current percentage reading @ 61.05%, which is back above its 5dyema @ 60.90% and still above its rising 20dyma @ 52.73%. NYSE Bullish Percent Index. simply put, is the percentage of all NYSE stocks on current buy signals from all NYSE Point and Figure charts. A reading moving from below 30% to above 30% is bullish. A reading above 70% is overbought, below 30% is oversold. In my opinion this last buy signal is running on fumes. During the last rally the $BPNYA reached 66% before falling. A few days ago it hit 64.30% and is beginning to fall. Time to go short??!
Currently I’m 100F in the tracker.. Good Luck to all! !
Date Fund Price 5dy 20dy 75dy Index % 5dy 20dyma
04/21 C 09.9130 9.96 9.70 9.45 $BPNYA 59.65 60.71 51.63
04/22 C 09.8375 9.94 9.72 9.44 $BPNYA 61.05 60.82 52.73
04/23 C 09.9363 9.91 9.74 9.43 $BPNYA 61.58 61.23 53.77
Date Fund Price 5dy 20dy 75dy
04/21 S 12.0255 12.01 11.54 11.12
04/22 S 12.0047 12.04 11.60 11.11
04/23 S 11.9743 11.99 11.64 11.11
Date Fund Price 5dy 20dy 80dy $ Price 5dy 20dy
04/21 I 12.9229 13.07 12.75 12.52 $USD 86.55 86.03 85.09
04/22 I 12.8979 13.03 12.77 12.51 $USD 86.30 86.12 85.20
04/23 I 13.2009 13.01 12.81 12.50 $USD 85.45 85.90 85.28
Date Fund Price Fast Slow Index Price 5dy 20dy
04/21 F 12.6519 66.99 73.51 $VIX 37.14 37.08 39.73
04/22 F 12.6316 79.41 73.75 $VIX 38.10 37.42 39.49
04/23 F 12.6536 81.09 75.83 $VIX 37.15 37.33 39.24
For the F fund the Fast and Slow columns refer to the Fast Line and Slow Line of the Slow Stochastics Indicator.
The Bullish Percent Index reading has moved back above its 5dyema. It’s possible for the market to move a little higher here but as we close in on 66% (the last reading where the $BPNYA peaked) caution is warranted IMO. The Index currently stands at 61.05%.
I have listed below prices, and moving averages for, C, S, I, $BPNYA (Bullish Percent Index), $VIX (Volatility Index), and $USD (US Dollar). The $VIX is currently channeling downward which is good but with stocks looking toppy here according to the $BPNYA, you have to wonder if the $VIX downtrend is coming to an end.
The F-fund seems to work best with the Slow Stochastics indicator so I have listed the numbers relating to the fast line and the slow line. When the numbers are above 80 then cross below 80, that would be a sell signal. When the numbers are below 20 then cross above 20 that would be a buy signal. If the number stays above 80 or below 20 for 3 or more days, they are “embedded“. When embedded the F should be gaining momentum either upward or downward. The F fund slow stochastic indicator is still bullish at this time.
$BPNYA (NYSE Bullish Percent Index) is still considered bullish but dangerous with the current percentage reading @ 61.05%, which is back above its 5dyema @ 60.90% and still above its rising 20dyma @ 52.73%. NYSE Bullish Percent Index. simply put, is the percentage of all NYSE stocks on current buy signals from all NYSE Point and Figure charts. A reading moving from below 30% to above 30% is bullish. A reading above 70% is overbought, below 30% is oversold. In my opinion this last buy signal is running on fumes. During the last rally the $BPNYA reached 66% before falling. A few days ago it hit 64.30% and is beginning to fall. Time to go short??!
Currently I’m 100F in the tracker.. Good Luck to all! !
Date Fund Price 5dy 20dy 75dy Index % 5dy 20dyma
04/21 C 09.9130 9.96 9.70 9.45 $BPNYA 59.65 60.71 51.63
04/22 C 09.8375 9.94 9.72 9.44 $BPNYA 61.05 60.82 52.73
04/23 C 09.9363 9.91 9.74 9.43 $BPNYA 61.58 61.23 53.77
Date Fund Price 5dy 20dy 75dy
04/21 S 12.0255 12.01 11.54 11.12
04/22 S 12.0047 12.04 11.60 11.11
04/23 S 11.9743 11.99 11.64 11.11
Date Fund Price 5dy 20dy 80dy $ Price 5dy 20dy
04/21 I 12.9229 13.07 12.75 12.52 $USD 86.55 86.03 85.09
04/22 I 12.8979 13.03 12.77 12.51 $USD 86.30 86.12 85.20
04/23 I 13.2009 13.01 12.81 12.50 $USD 85.45 85.90 85.28
Date Fund Price Fast Slow Index Price 5dy 20dy
04/21 F 12.6519 66.99 73.51 $VIX 37.14 37.08 39.73
04/22 F 12.6316 79.41 73.75 $VIX 38.10 37.42 39.49
04/23 F 12.6536 81.09 75.83 $VIX 37.15 37.33 39.24
For the F fund the Fast and Slow columns refer to the Fast Line and Slow Line of the Slow Stochastics Indicator.