BPSPX Bullish Pecent Index Daily Chart

Here is an update on the BPSPX which remains in the bull camp. The mid-November bottom occurred and created a market buy signal. As the BPSPX moved above 70% that kicked the rally into high gear.  The markets topped out two weeks ago, at least as the current action indicates for now, with the BPSPX high print at 83.40 on 2/19/13.  Thus, a six-percentage point reversal would create a market sell signal, which is 77.40. This is what the market bears need to see.  As long as the BPSPX stays above 77.40, the bulls have no worries, their feet are up on the desk as they smoke a big ole stogie. The BPSPX is updated on the Other Signals page. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

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