In our most recent update (September 24th) to the NYSE BPI, we discussed the recent flip from an X-column to an O-column. They’ve been on the other side of that trade, plowing millions of dollars in “buy-orders” into the stock. Because any level above 70% is considered Overbought... the chart right now has plenty of room to go before reaching that condition. So what we have just seen in the NYSE BPI is more than 6% of stocks moving to buy signals (experiencing so much buying that the stock price was able to move above past resistance levels, which takes a lot of buying). The last time the NYSE BPI went on a Sell signal was back in February, as the market was swooning from COVID-19. This would break the pattern of lower lows and signal that any new bullishness has some conviction behind it. When that X-box was filled in, back in April, the BPI chart went on a Buy signal. I’m not so sure. Statements based on early-stage independent 3rd party in vivo and / or in vitro model scientific research data findings for individual ingredients. A new X-column (or O-column) is only generated when there is a change in the reading that is greater than 6%. What's more, the column change before this most recent one took place after only 30 days. The top rating in BPI translates to a … Consider what happened to the stock market after this key signal. So we can't assume that any stock breaking below a key support level will definitely go lower. because it's showing us that with each reversal into Xs fewer stocks participated in the up-move than participated in the previous one. We will update this section more soon. And (also "as always") we never try to use the NYSE BPI as a tool for timing the market. And those stocks could only register sell signals by falling below key technical support levels. The true picture is seen in the NYSE BPI. Then, the chart flipped to X's after just five days in O's. And that indicator has just triggered a short-term bearish signal. November 16, 2020 Moonlight Madness 2020. Let’s assume the stock market declines. There's no in-between. You probably didn’t own the S&P 500. That's the technical definition. If you look at the most recent X-column, you'll see that it the highest X-box never got as high as the previous highest X-box. Will we make "another leg lower" in the S&P 500? In that case, the supply side is in control of the stock market. Again, please scroll down and read what we had to say following other changes in this BPI. We’ve remained unwavering bulls on the stock market since November because of one key indicator. You should never attempt to use the NYSE BPI as a tool for timing the market. Going back to 2012 the most flips we've seen is six. Like the NYSE BPI itself, updates like this one will always tell you something useful and valuable. When the market looks healthier, you can redeploy that investment capital into those that had strong price performance leading up to the market correction. But it's considered by many to be the grand daddy of all stock market indicators. In other words, it never went on a Sell signal. February 26, 2020 ~ Chris Rowe. It's a risk-barometer. ... 100% Bonus Madness Limit. It went through some semi scary dips since that March 1 peak. Specifically, a net 6% of stocks that trade on the New York Stock Exchange have to go on point-and-figure "Buy" signals on their own respective price charts. It's main purpose is to show us where risk lies in the market. Winners are randomly selected from all eligible entries received by a computer program. What’s dangerous about this is investors have grown comfortable after seeing those three short-term dips turn followed by stronger recoveries in the major stock market averages. You are providing information to the Sponsor and not to Walmart. They are very close to going into Bear Confirmed mode. View Details. (It has a '9' in it.) Also, as the chart currently stands, 51.92% of stocks on the NYSE are on point-and-figure Buy signals on their respective price charts (the blue box at at the upper left). Column changes speak to the short-term while “signals” speak to the long-term. This change does not mean "the market is weak". All that cash that's been sitting on the sidelines can now be re-deployed and can fuel a bullish advance. And if the stock market advances, by positioning ourselves into the sectors that have been outperforming the general stock market, we’ll have positioned our account to advance by a larger amount than the wider market. This longer-term pattern confirms this most recent shorter-term bearish reversal. When it's in O's, it means more and more stocks on the NYSE are falling below past key support levels. That doesn't mean the we're out of the woods. With Balance Transfer (Credit to Account) from BPI Credit Cards, you can consolidate all your other credit card balances and pay in fixed monthly installments for up to 36 months at a low monthly add-on rate of 0.99%.. Avail NOW. For a single stock to break above resistance usually requires a great deal of buying. Of course, when it comes to the financial markets, the only thing that's ever certain is uncertainty. After spending 59 days in a column of X's (the longest stay in one column in all of 2020)... Our #1 risk barometer has flipped into a column of O's. If you examine the two X-columns to the left of this current X-column, you'll see why I'm emphasizing this point. (The reverse is true; when the chart is on a Sell signal it only goes on a Buy signal once the current X-column gets above the highest X in the previous X-column.). And it "bears" repeating (sorry) that the chart spent just 12 days in Os before reversing to Xs. Before the chart flipped from X's to O's, that number was closer to 56%. In the past day or so the market has been heading higher. It's a risk barometer that shows us what "The True Market" is doing. Even though the chart flipped from X’s to O’s two times recently (in May and again in October), at no time did it move to a “sell signal.”. Promo is extended until December 31, 2020 as approved by DTI-FTEB. Thank you for your BPI update. And when displayed in a point and figure style (like you see above), it does so in a way that filters out much of the noise and false signals. The highlighted columns represent calendar years. It's telling you what percentage of stocks are breaking out and what percentage are breaking down. Galaxy Z Fold2. Before this latest flip, the average number of days the chart spent in an Os column was 20. Sponsor reserves the right to substitute an item in its sole discretion for another item should such item no longer be available at the time of the drawing but in any event the substitution will be of equal or greater value. The reversal into O's is considered a correction within the larger, bullish trend (which is indicated by the chart signal -- in this case, a Buy signal. They sit at that price level and buy anything the sellers throw at them. I'm kind of hammering this business about how many days the chart spent in this or that column because it's rare to see reversals happen this quickly. There are two reasons why we view this stock market weakness as temporary. And that is incredibly difficult to see unless you’re watching this indicator. Let's take a look at what happened to the S&P 500 in that time frame (when the NYSE BPI was in Os). Clearly, given the recent history of the BPI, we should expect five reversals per calendar year. And do scroll down and read the commentary that goes with other column flips on other occasions. stores nationwide from March 1 to April 15, 2013 and at the New Glorietta Activity Center exhibit on March 6 to 24. The S&P was at 2,351 (way down from the October, 2018 high of 2,925.51). This Recent Change Is: A reversal from an X-column to an O-column. So keep your eyes on this page. If you're new to the NYSE BPI, here's the "nutshell" view. All that said, it's very important not to make too much of this indicator. Once a market is washed out, a new bull market can continue. Until that happens, This reversal into O's is considered a correction within the larger, bullish trend. Thus, high readings mean most of the “ammunition” to fuel higher prices has already been used which makes it more difficult to support higher prices. Some of the indices should be ignored because they don't have a good sample size. (More precisely, it went on a "point and figure Buy signal" since we're showing the BPI on a point-and-figure chart). Six percent of that is 280. During times like this, when we see the NYSE BPI reverse to an X-column, (up column), it makes sense to be more aggressive. But when you focus on the strongest sectors for bullish positions (and weakest ones for bearish positions during declines), you can make large returns throughout the entire year! It's a risk-barometer. Don't try to use it for that purpose. And look at the O-column that preceded this most recent O-column. |Whitelist Instructions, makes sense to ignore the first signals for bulls to be cautious. That's the BPI after the market closed on October 8, the day of the most recent column flip. On Friday the 13th the NYSE BPI flipped back to X's. But when we zoom out to the big picture of the entire global financial market, we see a long-term rising tide. It's a sign of volatility. If you don't know how this indicator works and why it's so powerful, please scroll down and read more. On November 7th, 2018, the NYSE BPI reversed back into a column of Xs, ending a 1-month stay in an O-column. It's also worth pointing out that since we began formally tracking the NYSE BPI on this page, the average number of days the chart has remained in an X-column before flipping to O's is 112 days. That's not it's main purpose. For this to happen to a large number of stocks shows there is heavy supply of stock shares available for sale. BPI Sports Ultimate Mixer Shaker - White Installment Madness is available in all participating S.I.P. It's scary and it can get scarier but it's almost certainly a terrible time to move out of stocks and into cash as a long-term solution. To look deeper, you'd investigate the major sectors, or industry groups. Notice how both of those columns failed to make it above the X-column that come before it. When there's a tornado warning, it's best to get to a safe place, even if there's no tornado. If you look closely at the previous O-column, you'll see that the lowest it got was to fill in the '52' box. If the stock market declines further, strong stocks, that outperformed on the way up, often will [BJ2] decline less than the wider market. With the buy signal in Exxon Mobil in early February, the stock went from being registered as one of the stocks on a "sell signal" to being one of the stocks on a "buy signal". If the chart fills two more boxes in its current O column (just 37% of stocks on buy signals), it will bring the indicator less than 8% away form reaching "oversold" territory" (below 30%). I’m also happy to do it one second after selling out of the weak and let nature take its course. Installment Madness is exclusively available to all existing BPI Express Credit cardholders in good credit standing. BPI and their Contract Manufacturing Organizations are third-party certified compliant with cGMPs (Current Good Manufacturing Practices) under 21 CFR part 111 regulated by the FDA. (Scroll down for details on Buy and Sell signals.). After all, it’s the smallest and the last three dips turned out to be short-term buying opportunities. Said another way, a BPI column change is a short-term indication. BPI Online Travel Madness March 3- 10, 2017. The selling has already occurred and there are huge short positions out there that must cover. And although we've yet to pass the half-way point in this calendar year... 2020 has already had the highest number of reversals in a single year since we've been maintaining this free page. They're waiting in the wings and could re-emerge once the market makes a new leg higher. My point/caveat is, that this O-column reversal should be viewed as a blessing and a great chance to buy into an early-stage bull market. If you’re in the right sectors, then your account can decline by a lesser amount than the S&P 500. As the indicator continues its decline, more boxes are filled with Os, as needed. Anyone looking to buy, has bought. Right now just 41.85% of NYSE BPI stocks are on buy signals versus 58.15% on sell signals. â When combined with a proper exercise and nutrition regimen. Eligibility: The Shaker Giveaway is open to US residents, who have Internet access during the Giveaway Period. Sponsor Address: BPI Sports 3149 SW 42nd Street Suite 200, Hollywood, FL 33312. The larger trend is bearish while the shorter trend is bullish. There are 2,800 stocks that trade on the NYSE. Why? Its a risk barometer. Now, just because the NYSE BPI has moved O's, that doesn't mean it's time to sell all of your stocks. To learn which of those 41 sectors are most likely to show the biggest and fastest gains and which ones are most likely to show the biggest and fastest losses, you can use the tools and programs that we offer on a risk-free basis. On June 8, 2018, the NYSE BPI reversed back into a column of Xs, ending a nearly 4-month stay in an O column that began on February 5, 2018. When that lower O-box got filled, the NYSE BPI went on what's called a "point-and-figure 'Sell' signal". This table shows the number of yearly reversals since 2016. So you should reduce your bullish exposure, and consider entering bearish positions, which can act as a hedge while also allowing you to profit as stock prices fall. 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. Right now the short-term trend is bullish. To put that into very quick perspective, the chart enters "oversold" territory when readings fall below 30%. The average amount of time the chart stays in a column is 78 days. We still have 23 weeks remaining in 2020. Winners agree to be bound by these Official Rules, and Sponsorâs decisions in all respects relative to the Giveaway are final. And consider that there are about 2,800 companies trading on the NYSE. This recent flip happened because 168 of those tickers went on Buy signals. With this move, the chart ended its 19-week stay in a column of Xs. When it's in Os, it means more and more stocks on the NYSE are breaking below past key support levels (established price levels when the stock typically stops declining and then reverses higher again). These indicators are telling you that the short-term picture certainly has supply in control of the stock market. The remaining 92% were on sell signals. It reached as far down as the '8% box'. If you don't know how this indicator works and why it's so powerful, please scroll down and read more. Does that mean the stock market is going to go lower? Scroll down to see what we said on those key reversals. Or down? Now the BPI has reversed again, into Xs, and the external market -- the major averages -- has returned to making new highs. This latest bullish reversal has some heft to it. So, while we respect the BPIs of the S&P 500 (500 large-caps), S&P 400 (400 mid-caps) and S&P 600 (600 mid-caps), we attribute more importance to the actions of the following: Only one of them, the Russell 2000 (small-caps), is in Bear Confirmed mode. But I'm willing to hazard a guess. That would happen if the new O's column keeps filling in lower boxes until it eventually fills the '38' box -- five boxes below where it currently resides. If you are looking for real and verified BPI Sports coupons and promo codes 2020, you are at the right place. When the BPI is down around 30% -- "oversold" -- risk is to the bears. That said, risk right now is definitely to the downside. The black arrow points to the red O-box that would need to be filled before the chart would be on a Sell signal. As more and more investable capital is deployed, there's less and less of it available to fuel additional gains. Please bookmark the site so you can refer to it often. In December, the stock market was significantly oversold. The long-term picture may soon agree. So what we're seeing at this time is the very picture of market volatility. And that's just what happened. The upward reversal was significant enough to generate a new X-column. It is a risk barometer. We won't be able to say that the market is weak over the longer term until the chart goes on a Sell signal. 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. But remember, the NYSE BPI is not a tool for timing the market. Winners: Entries meeting the requirements of these Official Rules will receive a free shaker. They say records are meant to be broken... Well, after languishing for five whole days in a column of O's, the New York Stock Exchange Bullish Percent Index (NYSE BPI) reversed back to a column of X's on Tuesday, April 7th. In light of the increasing importance of the technology sector over the years I’m wondering if ignoring the increased importance of the Nasdaq (COMPQX) wouldn’t weaken the value of the NYSE BPI as the mother of all market barometers? That the NYSE BPI is in an O's column is a sign that the market is weak over the short term. Let's talk about what this new signal means. For it to happen to a large number of stocks at the same time shows there must be a very heavy supply of shares available for purchase. The BPI chart is therefore now on a "Buy" signal. 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