The Keystone Speculator's BPSPX Bull-Bear Market Indicator is on a double-whammy sell signal. The six percentage-point reversals are important as well as the 70% level. Remember, the bulls were on a double-whammy buy signal above 70 and happy as pigs in mud in August. BPSPX tops out at 80.20 and taking away 6 is 74.20. Price was a whisker away from the bear signal 12 days ago but the bulls recovered and stuffed the bears.
BPSPX floats higher in late August into early September on tech euphoria, central banker easy money and vaccine promises peaking at 79 even. Taking away 6 is 73 which would be a market sell signal. Then, a breach below 70 would issue a double-whammy sell signal. Both occur over the last 2 days with price parked at the ominous 66.6. The bulls are in trouble and the bears are in control of the stock market.
The bulls will need the BPSPX to recover to 72.6 (66.6+6) to signal the all-clear with a market buy signal. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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