Bullish percent index shows growing sell signals

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-05-18 at 10:45:00 CDT

In April, there was a surge in buy signals in point & figure charts among stocks in the S&P 500. In the broader NYSE, though, there has been significant deterioration and now fewer than 40% of securities are on buy signals. The recent jump in stocks will reverse some of that damage, but it's enough to detract a bit from April's buy signals.

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