The BPNDX is the Nasdaq Bullish Percent Indicator. Its an Oscillating index of the percent of Nasdaq 100 stocks that have a bullish Point & Figure chart.
We see it as a market timing tool for the overall market.
Above the chart is the RSI and it shows over bought.
Below the chart are the fast and slow stochastics respectively, they are also showing over bought and have been over bought for a very long time compared to other over bought conditions on the same chart.
This is where we get our long-term market cycle indicator and we use the first red candle above 70 as a sell signal.
The first white candle below 30 is a buy signal.
Take that under advisement and we'll keep you posted.
Below is a "screen shot" of some of the new charts in the research lab. We monitor a wide variety of market conditions with charts like these that you have probably not seen anywhere before.
Soon we'll launch memberships to the Investing Systems Research lab... Just wait till you see it.
Below are the index ETFs and the inverse as well as the double inverse for the respective indices. We think these are some of the greatest investment vehicles available today for the retail investor.
Notice how on a down day in the market, you could have made a decent gain had you been "long" the short or double short ETFs.
Above you will see some interesting charts of the percent of stocks trading above their own moving averages. This is very interesting stuff that you just don't get anywhere else.
The chart of the DOW below show the last time our "market timing indicator" gave a buy signal, and the big run up to today's sell signal.
Thanks for listening to the show, we hope you find it entertaining and informative.
Don Harrold is the chief market strategist for StockPickGurus, Don Harrold.net and Stock Pick Report.
His Nightly Video Commentary is loaded with straight talk from someone that really gets it.
You will not believe the special offer Don Has... 3 of his best services...
Total Retail Value over $1300.00 1 Whole Year for just $99.99
Be sure to check it out. Don Harrold will make you a better trader
|
