Allow up to six (6) weeks for delivery of prize. Gonzaga is good, but the Basketball Power Index thinks Villanova is the best team in college basketball. Anyone looking to buy, has bought. Copyright © 2020 BPI Sports LLC. It filters out a lot of market "noise". I will say one thing though, because it's important. It tells you whether market risk is to the upside or the downside. * These statements have not been evaluated by the Food and Drug Administration. This indicator is not forecasting or predicting what might happen next. The chart is (still) on a P&F buy signal, but currently in a column of O's. It moves more slowly than the others. That tells us that the NYSE BPI is a pretty slow-moving indicator. For this reason, we never try to use it to time the market. Remember to use the NYSE BPI as more of a risk barometer and not so much for a timing indicator. The webinar is free of charge to True Market Insider subscribers and it is LIVE. Finally, we recommend that you bookmark this page and check it often. When we subtract the number of stocks that went on Buy signals from the number that went on Sell signals... we get a difference of at least 168.). This is true independent of what Technology or the Nasdaq Composite is doing in the market. How to check your Bonus Madness Limit. (A support level is an established price level where the stock has typically stopped declining and then reversed higher.). This could mean we're about to see elevated volatility in the market. For this reason, it would be risky to take bearish positions. Sometimes traders manipulate a stock's price, pushing it below a key support level. Buying millions of shares, fighting to keep that stock above the key price level. This selling typically continues for some time, pressuring stock prices lower. That doesn't mean the we're out of the woods. As the indicator continues its decline, more boxes are filled with Os, as needed. There's very little capital left to fund further price advances. The New York Stock Exchange Bullish Percent Index (NYSE BPI) has reversed up, creating a new X-column, which is to the far right. When the chart gets down to 30 we say the market is becoming "oversold". With both BCAAs and glutamine, this formula can reduce soreness, build muscle, and accelerate recovery. But as they buy more and spend more investment capital, the stakes go higher and higher. And that won't happen unless the current O's column falls below the previous O's column. It reached as far down as the '8% box'. As you scroll down and read previous entries analyzing previous changes to the NYSE BPI you'll find we drive this point home, for good reason. It's very helpful and educational if you compare the dates of the past signals to this chart of the stock market. The NYSE BPI tells us what percentage of stocks trading on the NYSE are currently on point-and-figure Buy signals on their respective price charts. The further we push past 70 the riskier it is for the bulls. Your coupon will be arriving in your inbox shortly and you are now entered for the pre-workouts & aminos giveaway! So even though it moved into O's twice since then, it always remind on a Buy signal, because charts of this type (point and figure) are always either on a Buy or sell signal;. 4. It is a risk barometer. Right now just 41.85% of NYSE BPI stocks are on buy signals versus 58.15% on sell signals. This will further confirm the intermediate- to long-term bearishness in the market. NN- 5th to 6th characters, COLLECTOR/DEPOSITOR CODE, numeric, range is 00-99 Nevertheless, the indicator (and the market) remained strong over the longer-term despite a selloff that frightened both the mainstream media and investors who only follow the "external" market -- the Dow, the Nasdaq and the S&P. If the chart fills two more boxes in its current O column (just 37% of stocks on buy signals), it will bring the indicator less than 8% away form reaching "oversold" territory" (below 30%). 20% off discount eligible for first time customers only! because it's showing us that with each reversal into Xs fewer stocks participated in the up-move than participated in the previous one. In fact, that's almost never the case. (You can read about this in more detail by going here.). To see how the NYSE BPI shows us the "internal" market, take a look at this image. That insight into the "internal" market tells us something real -- something much richer than the raw fact that the Dow Jones or the S&P 500 fell by so many points. How many more reversals will we see this year? On March 25th the New York Stock Exchange Bullish Percent Index (NYSE BPI) reversed back into a column of X's after spending a month in O's and experiencing one of the swiftest descents into "oversold" territory ever recorded. A new X-column (or O-column) is only generated when there is a change in the reading that is greater than 6%. Bullish investors face little risk to the downside. As always, we don't try to predict what will happen. For almost 180 of them – 6% of 3,000 – to do it at around the same time means demand is very robust. Right now 39.98% of NYSE stocks are on "Buy" signals (the red arrow at the top). By entering this giveaway, you agree to our content Terms and Conditions. As stated above, the Giveaway is void where prohibited or restricted by law. Enter your information below to find out! And the bullish trend that follows is typically super strong. It went on a Buy signal because that highlighted box marks the point where that particular X-column got higher than the highest X in the previous column of X's. 2. The NYSE BPI chart, above, updates daily. Finally, a reminder: The NYSE BPI is not a market timing tool. (Scroll down for details on Buy and Sell signals.). That's the technical definition. The car may be fueled up and idling, but you still need to wait for the bulls to step on the gas. When this first significant bunch changes direction, the majority tends to follow suit... and fast. Entrants must enter his/her correct address in order to receive prizes, if selected as a winner. And it wasn’t in overbought territory when this most recent reversal to Os took place. 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. During times like this, when we see the NYSE BPI reverse to an X-column, (up column), it makes sense to be more aggressive. They were so confident that they risked their profits, their reputation, and in some cases, their jobs. As it happens, the chart was on a Buy signal even when it was in the most recent column of O's. "I think we're gonna have to shut down March Madness until we know more." 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