What We Can Learn From the Bullish Percent Index

The behavior of the stock market is controlled by large fund managers. There are organized “buy programs” and “sell programs.” When a buy program is in play, “demand is in control.” There’s a concerted effort to accumulate stock positions in a controlled way that gradually pushes prices higher. When there’s a buy program in play,…

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Is the Bottom in for Stocks?

Last Friday morning’s news that President Trump and the First Lady had tested positive for the coronavirus spooked markets, sending stocks to a sharply lower open. Hours later, rumor of a possible new round of fiscal stimulus checks helped stocks make back some of the day’s earlier losses. By the end of the day, however,…

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What Is This Market Signaling?

The last few weeks Mr. Market has been on its heels as sellers overwhelmed buyers putting supply in control of the market. Nowhere can this be seen more clearly than in the NYSE Bullish Percent Index (BPI) – an oscillating technical market indicator that uses X’s and O’s as a means to illustrate market breadth…

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The Post Midterm Market

The results of the midterms have sent many investors into “worry mode” as they brace for a possible political shakeup that could affect their accounts. But, to quote Warren Buffet: “If you Mix politics and investing, you’re making a big mistake.” This echoes something we’ve said time and time again here in ADAPT. As an…

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Warning: Investors are reading this market wrong!

Record highs in the DJIA, The S&P500, and Nasdaq are misleading investors into a false sense of security. That’s because while the DJIA, the S&P 500, and the NASDAQ are all rising to record levels, the “true market” is flashing red. For proof, look no further than the NYSE Bullish Percent Index or NYSE BPI.…

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