Saturday Bullish Percents
All charts and comments intended for education and discussion purposes only. No investment recommendations are being offered. | ABOUT | CHARTS | AFTER THE CLOSE
Red is a column of O's in a downtrend, blue is a column of X's in an uptrend. Items below 30% are deeply oversold, and items above 70% are heavily overbought. Highlight yellow is a move up, grey is a move down. | INDEX |
All of the important major indexes being tracked are now above the bullish 50% line which shows excellent market participation and internal strength. The Bullish Percents have solidly confirmed the current market rally, but the current high levels indicate that investors need to be cautious. The Bullish Percents indicate a very strong, broad-based market strength, but also a heightened level of risk of a short-term market correction.
