Web Statistics nyse bullish percent chart

Wednesday, 8 May 2013

nyse bullish percent chart

nyse bullish percent chart

The nyse bullish percent chart is very telling, the BPNYA line (black) has crossed the 34 Moving average line (blue line)

Normally a bullish cross like this is signalling a strong market. Now do not get me wrong, it does not mean that we will just skid up higher every day for the next month. But a cross over the 34 is showing just how strong the market has been lately.

The MACD has been on a buy since the end of april too, and anyone following this nyse bullish percent chart would have had a head start in the last few weeks.


nyse bullish percent chart
nyse bullish percent chart


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