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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.
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
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
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.