Where To Find Bullish Percent Sector Data & Charts
Published February 25th, 2008 in Internet, Technical Analysis Tags: BP index, bullish percent charts, bullish percent index, dorsey wright, sectors, StockCharts.com, thomas dorsey, timing the market with bullish percent, tom dorsey.Over the past few months I’ve received this question more than any other:
Where do you get your bullish percent data/charts?
So instead of answering each person individually, let me write about it so everyone will benefit - and leave me alone! 
There are quite a few places to get bullish percent data but I use StockCharts.com. They not only track bullish percent charts for 18 different indices and sectors, they have an impressive amount of historical data which comes in handy when you want to compare current market conditions with previous times.
StockCharts also allows you to create your own bullish percent index for any grouping of individual securities. So if you find that the 18 sectors or indices they follow:
- Nasdaq Composite Bullish Percent Index
- S&P Consumer Discretionary Bullish Percent Index
- S&P Energy Sector Bullish Percent Index
- S&P Financial Sector Bullish Percent Index
- S&P Healthcare Sector Bullish Percent Index
- DJIA Bullish Percent Index
- S&P Industrials Sector Bullish Percent Index
- S&P Technology Sector Bullish Percent Index
- S&P Materials Sector Bullish Percent Index
- Nasdaq 100 Bullish Percent Index
- NYSE Bullish Percent Index (the original and most widely followed)
- S&P 100 Bullish Percent Index
- S&P 500 Bullish Percent Index
- S&P Consumer Staples Sector Bullish Percent Index
- S&P Telecom Services Sector Bullish Percent Index
- DJTA Bullish Percent Index
- TSE Bullish Percent Index
- S&P Utilities Sector Bullish Percent Index
…isn’t enough, just make up your own bullish percent index! or replicate an existing index (first, you’ll have to obviously find out all the constituents).
This is a great feature if you follow an obscure sector like say, palladium stocks or gaming/gambling stocks, etc. Or if you simply want to create a bullish percent index for the stocks you hold as long term investments to know when to lighten up and when to add to your positions.
The only disadvantage is that this feature is not free. You’ll have to subscribe to StockCharts. But their rates are very reasonable so if you are serious about technical analysis, you shouldn’t hesitate.
The other online resource for bullish percent charts is Tom Dorsey’s website. He wrote the bible on point and figure charting, which is the foundation of BP index charts.
Only problem is the website (behind the subscription firewall) is incredibly clunky and difficult to navigate. It seems like something his 12 nephew threw it together on a weekend… in 1994.
BP index, bullish percent charts, bullish percent index, dorsey wright, sectors, StockCharts.com, thomas dorsey, timing the market with bullish percent, tom dorsey
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Babak,
Do you have the link in Stockcharts to create your own bullish percents. I hadn’t realized this was possible? I did a quick search and came up blank (or if in the Member section - where the link may be).
Cheers,
Declan
Declan,
the feature is included for Extra! members
Babak,
Do you have historical data on excel speadsheets for the different Bullish Percent indices? I think Stockcharts only goes back 2 years. I’m thinking of signing up for Stockcharts but was wondering how to get more than 2 years of historical data for each Bullish Percent Index (ie Financials, Energy, Utilities, etc) .
Thanks,
Maverick
Maverick,
I’ll show you a neat hack to get long term historical data from stockcharts.com without forking over money - but for the record, I do recommend a subscription since you get much more and it is affordable.
I don’t know when I’ll have a chance to write it so subscribe to my RSS feed to not miss it
Babak,
Thanks. I have subscribed to stockcharts.com and will be on the look out for your way of getting long term historical data on the Bullish Percent Indices.
Thanks,
Maverick
Babak,
I was also wondering where you get historical data on the % of stocks above their 10 MA for the S&P 500. Is there a website or company that I can get this data on an excel spreadsheet?
Thanks,
Maverick
Hi Babak,
Can you please tell me how I can subscribe to your RSS Feed?
Thanks,
Stan
Stan, it is the big orange button down the right hand side of the website that says “subscribe to feed”
Hi Babak,
“it is the big orange button down the right hand side of the website that says “subscribe to feed”
Yeah, I’ve seen that one & I’ve already subscribed.
I just wondered if you personally had a RSS Feed.
I also highly value the Bullish Percentage charts.
I also would like to create my own BP charts using my own baskets of stocks.
I also would like to get a lot of historical data.
I do have a Stockcharts “Basic” subscription which will not allow me to do those.
I guess I’ll have to spring for the added $$$ for the “Extra!”
I love using these BP charts so much that I won’t mind putting out the $$$.
Like Maverick said, “I have subscribed to stockcharts.com and will be on the look out for your way of getting long term historical data on the Bullish Percent Indices.”
I’ll be doing the same.
Thanks,
Stan
Stan,
I subscribed to the Stochcharts Extra and have created custom BP indexes for precious metals and airlines. Its a bit laborious getting the historical data since I had to change the number of look back days for each date and enter those numbers on an excel spreadsheet but its worth it.
Maverick
Hi Maverick,
Thanks…It’s encouraging to know it’s working for you.
I love the BP% charts & plan on doing the same as you in the near future…
For now, I’m holding off doing any more - I’m getting a new computer next week.
Right now, I’m following all the index BP$.
I’m also following BP% represented by these ETFs:
XLY - XLP - XLE - XLF - XLV - XLI - XLB - XLK - IYZ - IYT - XLU.
By my measure, the only one remaining positive is XLK, all the rest are either
Neutral or Negative.
Keep up the good work & keep me posted how it’s going for you, Ok?
Thanks,
Stan
“I just wondered if you personally had a RSS Feed.”
Stan,
you mean as in an RSS feed for me personally, as in my life?
Hi Babak,
You said.
” Stan, you mean as in an RSS feed for me personally, as in my life? ”
Well, Babak, I read what you said to Maverick,
“I don’t know when I’ll have a chance to write it so subscribe to -my RSS feed- to not miss it ”
-And- you did say -my RSS feed- So, I thought, anything is possible, and that’s why I asked.
I’m just very interested in BP% charts…I see great value in them.
Most people don’t know what I’m talking about when I mention them.
It’s just nice to communicate with people who think like I do about them.
Thanks,
Stan
Yes, I meant my (blog’s) feed. Glad that’s settled
Hi Maverick,
“I subscribed to the Stochcharts Extra and have created custom BP indexes for precious metals and airlines. Its a bit laborious getting the historical data since I had to change the number of look back days for each date and enter those numbers on an excel spreadsheet but its worth it.”
Using my Stockcharts “Basic” subscription, I have been following the BP% charts that
represent these 11 ETF’s:
XLY - XLP - XLE - XLF - XLV - XLI - XLB - XLK - IYZ - IYT - XLU
On these charts, I have set up overbot-oversold areas along with Keltner Channel lines to help me define up-trends & down-trends.
So far, it’s working pretty good for trading the ETF’s.
But, ultimately I’d like to trade like you do with my own custom BP% indexes.
1) How do you like using your new BP% charts from your own custom BP% indexes?
2) Are you trading stocks or ETF’s?
3) How’s your trading going using these custom BP% indexes?
4) Would you ever go back to the “Basic” subscription?
Thanks,
Stan
Hi Stan,
1. I think the charts with my custom BP# indices are outstanding. They are a great complement to the system I use in trading different sectors.
2. I mainly trade ETF’s. How about you?
3. I just commenced my first trade using my custom BP% indexes. I went long on XLE at the close of yesterday 3/24/08 based on my system and custom BP% index on the XOI index. Have you done any trades yet with your custom BP% indexes.
4. I think I will stay with the Extra service and will not go back to the Basic service.
Thanks,
Maverick
Hi Maverick,
Thanks for your great answer!
Well, I’m probably where you were a month or two ago..
I see the hi-value in using the BP% indexes & I want to expand.
To answer your questions:
1) Yes!…I would love to do what you’re doing.
2) Yes!…I’m new at trading…I like ETFs due to their low-volatility & consistent moves.
I haven’t strated trading them yet but I do want ot start.
I have an account at Interactive Brokers.
3) I see that XLE is Up today…good for you!…No, no trades yet & am still considering
going for the Extra service…I love Stockcharts!
4) It sounds like you’re doing very well with the Extra service.
Say, I would sure like to communicate more with you, but on a 1-to-1 basis.
I can’t pull up your email address or any other way to contact you.
I also have lots to share.
Do you ave any suggestions?
Thanks,
Stan
Stan,
You can visit it my website at www.yieldsafe.com and e-mail me from there if you would like to communicate with me 1 to 1.
Thanks,
Maverick
I’ve just found this discussion. Can you refer me to the discussion of the nifty hack to get historic data from Stockcharts.com, assuming that has been written?
I am hoping to use BPI along with RSI and moving averages to make a model for trading ETFs. I would want as much long-term data of BPs and MACDs and RSIs in spreadsheet format as I can get to optimize the model. I’m relatively new to technical analysis but it sure appears that using such a model along with stop-loss orders would make a fairly safe and likely profitable system..