With Friday's action, the BPNYSE, BPOTC, and BPOPTI return to X's, putting us back on offense.
After Friday’s action, we witnessed three major market Bullish Percent charts return to Xs. The Bullish Percent for the New York Stock Exchange BPNYSE reversed back up into a column of X’s at 62%. This risk barometer for the US equity market had been in a column of O's since March 22nd of this year, and this reversal effectively puts the "offensive team" back onto the field with respect to broad US stocks. In addition to the BPNYSE, both the Bullish Percent for OTC BPOTC and the Bullish Percent for the Optional Universe BPOPTI reversed up into Xs on their respective charts as well. These three BPs join the BPNDX, BPMID, and BPSML, which returned to X's earlier this month.
