Author: Michael Carr

Three of the ten major market sectors are in overbought territory and one sector is little more than a point away from becoming overbought. For this analysis, we are looking at the Bullish Percent Index (BPI) from...

Last week, investors took profits in some financial stocks and drove consumer discretionary stocks to oversold levels. For this analysis, we are looking at the Bullish Percent Index (BPI) from StockCharts.com. This indicator is...

Investors looked beyond financial stocks in the past week and the market experienced surges of strength in consumer discretionary stocks, and perhaps troubling signs of strength in materials and energy related stocks. For this...

An overview of sector strength shows that 9 of 10 sectors increased in strength and finance stocks reached an overbought level. For this analysis, we are looking at the Bullish Percent Index (BPI) from StockCharts.com. This...

Looking at sectors, we now have an evenly split market with 5 sectors having a majority of stocks moving higher, and 5 showing a majority of stocks with bearish trends. For this analysis, we are looking at the Bullish Percent...

The market forecast is decidedly mixed, with some indicators being bullish and others being bearish. At least one measure of breadth looks positive. Clay Allen, CFA, reports that the NASDAQ 100 is the best performer on that...