Stocks & Commodities V. 42:13 (2225): Understanding The Bullish Percent Index by Stella Osoba, CMT
Product Description
Understanding The Bullish Percent Index by Stella Osoba, CMT
How bullish or bearish is the market at any point? Is a current market trend likely to continue or reverse? Comparing the current number of buy signals to the current number of sell signals in a market of stocks provides an easy indication of the general bullishness or bearishness of that market, as well as whether that market is reaching an overbought or oversold saturation point. And using a percentage-based scale such as the one discussed here gives you an index with levels you can read and interpret. Heres how to use this indicator.
The bullish percent index is a simple way to get a snapshot of the overall health of the market. It is a breadth indicator that was first developed by Abe Cohan in the 1950s. It uses buy and sell signals in point-and-figure (P&F) charts to determine the general bullishness or bearishness of the components ...
How bullish or bearish is the market at any point? Is a current market trend likely to continue or reverse? Comparing the current number of buy signals to the current number of sell signals in a market of stocks provides an easy indication of the general bullishness or bearishness of that market, as well as whether that market is reaching an overbought or oversold saturation point. And using a percentage-based scale such as the one discussed here gives you an index with levels you can read and interpret. Heres how to use this indicator.
The bullish percent index is a simple way to get a snapshot of the overall health of the market. It is a breadth indicator that was first developed by Abe Cohan in the 1950s. It uses buy and sell signals in point-and-figure (P&F) charts to determine the general bullishness or bearishness of the components ...
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