Category Archives: Stocks

US Stocks Seem Extremely Overbought

The S&P 500 continues to reach new highs on a weekly basis. But a major top could be forming right now. One of the most reliable indicators to anticipate market tops and bottoms has been the bullish percent index. The BPI is a breath indicator that uses a point & figure chart to determine when markets are overvalued… Read More »

Stock market volatility imminent

The S&P 500 is near a 52 week high. But what’s surprising is that less than half of all the companies that make up the index are trading above their 50 day moving average. This is strange because you would expect most components in the index to be doing well. But instead the recent rally seems to come… Read More »