[Update] Our #1 Indicator Just Made a Bullish Move

 

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Our #1 Indicator Just Made a Key Bullish Move

 

Hi there,

This past Friday (July 24th) our most important market indicator made a key bullish move...

The New York Stock Exchange Bullish Percent Index (NYSE BPI) reversed from a column of O's into a Column of X's.

The meaning of this move is: the market is now to be considered strong in the short-term.

That's because before a flip like that can happen... a minimum of 6% of NYSE stocks (net) would have to go on "point and figure" Buy signals on their respective price charts.

It takes a tremendous amount of institutional buying and selling for that to happen.

When it does happen, it creates a condition where risk is now to the downside.

There's a lot more to say about the NYSE BPI -- too much to add here.


But we do monitor the NYSE BPI daily. (It should be the first chart you look at every morning.)

And since January 2016, Chris Rowe and I have curated a special FREE BPI website where we post updates and commentary about this indicator.

Whenever it makes an important change -- like it did on Friday -- we show you what happened and why you need to know about it.

Again, this is a FREE resource for you to use at will.

I recommend you "bookmark" this page so you you'll always have it at your fingertips.

Once you make it a habit of checking the BPI page regularly, you'll gain valuable insights into the "true market" (insights that few investors ever get).

Result: you'll be a smarter and better trader.

You can access your FREE BPI page here.


I'll send you an email whenever the BPI makes an important move.

Trade Safely,

Bill Spencer
Editor-in-Chief, True Market Insider


 


 

 

 
                                                           

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