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Investors Intelligence Index Breadth

Classic Market Strength Indicator

P&F Trend % Bulls Breadth Status
FTSE 100 Bear Chart... 86.27Chart... Bull Conf.
FTSE 250 Bull Chart... 85.71Chart... Bull Conf.
FTSE Small Cap Bull Chart... 73.39Chart... Bull Conf.
FTSE All Share Bull Chart... 81.00Chart... Bull Conf.
Tip: Click on the table above for charts. Valid through close on Feb 3, 2012

3 February 2012 Comment

 

Many stock market's p&f breadth are rising steadily. Some are even significantly overbought. AEX in Europe, for example, is at 91% (see below, second table). Dow in the States is also at 96% (third table).

But given some indices are only at 70%, there are certainly more short-term upside scope. For instance, in the US, where the Russell 2000 is currently at 63%. Therefore, we expect the rally in that region to continue further.

Index Bulls% 1d chg Status Status Change
FTSE 100 85.29% +1.96% Bull Confirmed 12 Jan 2012
FTSE 250 83.73% +2.78% Bull Top 31 Jan 2012
FTSE All Share 79.33% +1.83% Bull Confirmed 3 Jan 2012
FTSE Small Cap 71.77% +1.61% Bull Confirmed 12 Jan 2012

Index Bulls% 1d chg Status Status Change
All Europe 74.79% +1.09% Bull Confirmed 30 Nov 2011
Europe EURO STOXX (SXXE) 73.49% +1.01% Bull Confirmed 2 Dec 2011
Europe EURO STOXX 50 (SX5E) 84.00% +2.00% Bull Confirmed 3 Jan 2012
Europe STOXX 50 (SX5P) 82.00% +2.00% Bull Confirmed 3 Jan 2012
Europe STOXX 600 (SXXP) 80.82% +1.03% Bull Confirmed 30 Nov 2011
Finland (HEX 25) 56.00% n/c Bear Alert 30 Jan 2012
France (CAC 40) 82.50% +2.50% Bull Confirmed 3 Jan 2012
Germany (DAX) 89.66% n/c Bull Confirmed 10 Jan 2012
Greece Athens (ASE) 36.84% n/c Bull Confirmed 23 Jan 2012
Italy FTSE MIB (SPMIB) 71.05% +5.26% Bull Confirmed 27 Dec 2011
Netherlands (AEX) 91.30% n/c Bull Confirmed 27 Dec 2011
Norway (OSEBX) 76.92% -1.93% Bull Confirmed 3 Jan 2012
Portugal (PSI20) 20.00% n/c Bull Confirmed 3 Jan 2012
Spain (IBEX 35) 51.61% n/c Bull Confirmed 7 Dec 2011
Sweden (OMX) 83.33% n/c Bull Top 30 Jan 2012
Switzerland (SMI) 84.21% n/c Bull Confirmed 2 Dec 2011

Index Bulls% 1d chg Status Status Change
Dow Industrials 96.67% n/c Bull Confirmed 19 Dec 2011
NASDAQ 100 79.00% +1.00% Bull Confirmed 3 Jan 2012
S&P 100 85.00% n/c Bull Confirmed 1 Dec 2011
S&P 500 81.29% +0.61% Bull Confirmed 5 Dec 2011
S&P MidCap 400 79.50% -0.06% Bull Confirmed 5 Dec 2011
S&P SmallCap 600 71.24% +0.55% Bull Confirmed 7 Dec 2011
S&P Composite 1500 76.54% +0.62% Bull Confirmed 6 Dec 2011
NASDAQ Composite 54.56% +0.67% Bull Confirmed 10 Jan 2012
AMEX 52.40% +0.31% Bull Confirmed 12 Jan 2012
NYSE 69.40% +0.63% Bull Confirmed 23 Dec 2011
Russell 2000 63.80% +0.73% Bull Confirmed 23 Dec 2011
Optionable Stocks 70.78% +0.39% Bull Confirmed 27 Dec 2011
Wilshire 5000 62.18% +0.56% Bull Confirmed 30 Dec 2011

About Breadth Analysis

The table above shows two important technically-based measures of the strength of the major UK indices. The Investors Intelligence P&F Trend indicator determines if the indices are displaying uptrend or downtrend characteristics, as defined by patterns of rising lows (an uptrend) or falling highs (a downtrend). These should be viewed as an indicator of the medium-term trend.

Investors Intelligence bullish% indicators measure the number of constituent stocks within each index holding uptrends, as defined by II’s point & figure charting methodology. A bull market will typically exhibit either rising or strong breadth statistics, while extreme readings for this indicator suggest overbought/oversold (and thus potentially unsustainable) conditions. To read more about breadth indicators and their applications, click here.

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