July 14, 2010

BPSPX Bullish Index | Chart of The Day

This post is about BPSPX Bullish Index (Chart of The Day) on July 14, 2010. I provide stock analysis.




The BPSPX, also known as S&P 500 Bullish Percent Index, measures the breadth of the Standard & Poor's 500. Investors use the BPSPX to identify high and low levels of the S&P 500 index.

Many technical analysts use the BPSPX ($BPSPX at Stockcharts) to identify changes in the trend of the S&P 500.
  • A reading above 70% is considered overbought with 80 considered an extremely overbought situation. When the BPSPX falls through the 70 level a sell signal is given.
  • Oversold signals are given when the BPSPX gives a reading below 30%, while 20% is considered a better oversold indication. The BPSPX Index gives buy signals when it turns up through the 30% threshold, reversing its downtrend.

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