That actually marks the date that I started posting this so you can scroll down and pretty much see how this "granddaddy of all stock market indicators" called that major bottom. The S&P was at 2,351 (way down from the October, 2018 high of 2,925.51). One final, very important point. For many, it may be best to just walk away from the compute and avoid financial news sources for a couple of months. To Enter: Go to BPISports.com/shaker-free and submit the unique code found on Best Aminos bottles at Walmart, in addition to your name and email address. When the market reaches washed out levels, not only is it a great long-term buying opportunity, but it's when you should reset the stock market timeline. Length of Time on Most Recent "Buy" Signal: About seven months. There's very little capital left to fund further price advances. For this to happen to a large number of stocks shows there is heavy supply of stock shares available for sale. You can see that, most recently, the chart moved to an "up column" (X-column). At market lows, it makes sense to start considering which stocks will be most likely to make the biggest bullish rebounds. You should bookmark the page you are reading right now and check in with it often. Number of Days Since Previous Change: 23. Or down? (A support level is an established price level where the stock has typically stopped declining and then reversed higher.). Don't try to use it for that purpose. But in super slow motion, you'd be able to see the leaders shift direction first. Winners are randomly selected from all eligible entries received by a computer program. Here's what's important about this business of Buy and Sell signals... For a stock to go on a Sell signal, it must first fall below certain key technical levels on its price chart. The last time this indicator changed columns -- from Xs to Os -- was on September 21. It's a risk barometer that shows us what "The True Market" is doing. That's a very useful way to interpret the stock market. Six percent of that is 280. On November 7th, 2018, the NYSE BPI reversed back into a column of Xs, ending a 1-month stay in an O-column. A change of column tells us only that the shorter-term trend has changed. Call us at 855-822-0269. This longer-term pattern confirms this most recent shorter-term bearish reversal. And with the BPI at 58.94%, we're comfortably in "midfield". With this move, the chart ended its 19-week stay in a column of Xs. Finally, a reminder: The NYSE BPI is not a market timing tool. And it wasn’t in overbought territory when this most recent reversal to Os took place. Most think "the Dow" or "The S&P" or "The Nasdaq". That's what just happened. This change does not mean "the market is weak". Now take that scenario and multiply it by 448 stocks. That said, investors don’t want to back up the truck and buy. That speaks to the stability of this indicator. In fact, on September 10th Chris Rowe suggested in True Market Insider that a move to X's was more likely to happen than not. We were watching for it, and we told you to watch out for it as well. Compare that to previous years going back to 2012. Enjoy up to 24 months Real 0% installment at participating Globe stores with your BPI Credit Card. (See the far right column). That’s because the chart is approaching overbought territory (70% of NYSE stocks on P&F buy signals). That is an EXTREMELY washed out state of affairs. Men's college basketball BPI projections for 2020-21 season ESPN. When the market looks healthier, you can redeploy that investment capital into those that had strong price performance leading up to the market correction. That means the chart spent seven months on a point-and-figure Buy signal before it... For the chart to go on a Sell signal the current column of O's has to fall below the lowest 'O' in the previous O-column. They should sell out of underperforming positions, as those positions are most likely to continue underperforming - especially in a down market. But as you can see in the image below, if the chart fills just two more boxes, the NYSE BPI will go on a sell signal as the current O's column moves below the previous O's column. Monday, December 9, 2019. Entrants must enter his/her correct address in order to receive prizes, if selected as a winner. Please enter your shipping details below so we can send you your free shaker! The chart is still on the bullish signal (P&F “buy signal”), from March of this year, so today’s reversal changes the indicator from “Bull Confirmed” to “Bull Correction” status. Another key point: When the chart reversed into O's last week, the new O-column never fell below the previous O-column. And even though we saw a column change, the chart remained on a Buy signal, as the new O's column never broke below the previous O's column from December 2018. 2. I will give a more in-depth presentation of what I’m seeing in the stock market, what to do and most importantly, what not to do. Now that the NYSE BPI is in an O-column, investors are back in "defensive mode". For a single stock to break above resistance usually requires a great deal of buying. There are three different scheduled times that the webinar will be held (live every time). It's a risk-barometer. This indicator can only flip to an O-column when more than 6% of all stocks in the index (net) move below key support levels. We update the commentary whenever the NYSE BPI signals an important change in the stock market. Again, this flip to X's indicates short term market strength. After spending 36 days in a column of X's our primary risk barometer -- the NYSE BPI -- flipped into O's (highlighted at the far right of the chart). We don't suggest using it as a market timing tool, but instead using it as a risk barometer. All that cash that's been sitting on the sidelines can now be re-deployed and can fuel a bullish advance. 3. This is a key point because it means that the number of stocks participating in that April bullish move was greater than the number of stocks that participated in the previous bullish move. At that level, all the weak investors (weak in the sense of "uncommitted" or "lacking strong conviction") have sold their stocks and are sitting in cash on the sidelines. It's a risk-barometer. You can see the most recent action indicated by the blue column on the far right. (You'll find more about Buy and Sell signals in the various entries further down on this page.). At the same time, all of that buying has created ample supply that the bears (the defense) can deploy to drive prices lower. We recommend you bookmark the page and refer to it often. The lower the level of the BPI is when the new X-column appears, the more aggressive we generally want to be in buying into new positions. Subject to all applicable federal, state and local laws. 25% OFF stovetop & oven cookware. When it does hit, it can wipe out the entire town. The NYSE BPI acquires "bull correction" status whenever the BPI is... 2. But at this point, we are as oversold as we were at the 2008/09 bear market lows. The BPI Real Thrills Rewards Program lets you redeem goods and services with rewards earned from using any of your qualified BPI Express Credit Cards. Of course, there's more to seeing the market than just looking at the NYSE BPI. If you scroll down and read previous updates you'll find more detail about that very important point. And as the chart remains on a point-and-figure "Sell" signal, the market should be considered weak in the longer term as well. This recent flip happened because 168 of those tickers went on Buy signals. Either we get a sharp drop below the current support level or we launch into a strong bull market and this is an amazing buying opportunity. Right now 39.98% of NYSE stocks are on "Buy" signals (the red arrow at the top). Also, of those investors who do pay attention to market "internals" (the NYSE BPI is one of many internal indicators), most follow the NYSE BPI religiously. We can compare historic BPI signals, like this, to the price behavior of the S&P 500 that followed. What you see in the S&P 500 or other popular averages is often a bunch of smoke and mirrors. Let's talk about what this new signal means. It did come close though, to within just a few hundredths of a percent. Promo runs from November 1, 2019 to January 15, 2020. Institutional investors are telling us that they believe the US stock market remains the best place to store value. There are two reasons why we view this stock market weakness as temporary. With most of the selling having already taken place, there's not much ammo for the bears to push down prices. Right now the NYSE BPI is still on a Buy signal. Sponsored by BPI Sports ("Sponsor"). That’s why, while smart investors will adopt (or maintain) a bullish stance, they should also recognize that the more overbought the market, the greater the risk to the upside. After spending a record-short eight days in a column of X's, the New York Stock Exchange Bullish Percent Index (NYSE BPI) reversed back to a column of O's on Thursday, April 2nd. For this to happen to a stock, it typically takes an overwhelming amount of selling. The reverse is true. FIND A JOB. I've marked that box with a red arrow, at the right of the chart. For that reason, you can trust that its moves represent a significant shift in the market. Whenever there's a significant move, such as a column flip, we'll post an update. And that is incredibly difficult to see unless you’re watching this indicator. Subject to favorable credit history and other factors decided upon by BPI's Credit Team, qualified credit cardholders will enjoy increased purchasing power with a bonus installment credit limit of up to 100% of their regular credit line. By many to be bound by these Official Rules and all federal, state, and... Were that to previous years going back to a safe place, even if do... Elected President on November 7th, 2018 high of 2,925.51 ) President will be held ( every! Most recently, the chart is what it sounds like very bullish.. More information on this `` granddaddy of all stock market environment 67.29 %, the actually... 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