While Monday’s action ended a streak of positive days for most U.S. equity indices a number of indicators continued to see upticks.

While Monday’s action ended a streak of positive days for most U.S. equity indices a number of indicators continued to see upticks. The bullish percent for NYSE Stocks (^BPNYSE) saw its reading climb above 51% Monday, which follows a reversal back into Xs after Friday’s trading for the first time since reversing down in mid-October. The reversal on the BP chart shows an increase in stocks maintaining buy signals on their point and figure charts, and the move above the 50% indicates more than half of the roughly 1800 stocks maintain buy signals. The ^BPNYSE reversal follows the index related bullish percent indicators, like the BP for the S&P 500 (^BPSPX), with most moving back into the upper 40% to lower 50% range.

After reversing into Xs following Monday’s trading, the NYSE High Low Index (^NYSEHILO) moved from around 40% to above 50% placing it in a similar range as the bullish percent indicators. For those not familiar with the NYSE High Low Index, it is an exponentially weighted index that measures stocks making 52-week highs relative to those making 52-week highs and lows. The reversal higher notes an increase in stocks making 52-week highs for the first time since late October.

As is the case with most of the indicators, middling chart/field positions have been areas where forward returns are muted compared to higher or lower field positions. At the moment, a return to a higher field position would help improve participation and the forward return environment for U.S. equity indices. Conversely, the path of least resistance is currently still lower and moves to levels below 30 for many of the indicators mark either washout or the beginning of moving into washout territory.

To stay abreast of indicator changes, users can set indicator reading or activity alerts by selecting the Clock icon in the upper left-hand corner, near the indicator’s header.