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SP100 Index Bull% Index: Lowest since October 2014 ?
 Aug 10  ​( From Stockcharts  )
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The Situation

​This Indicator reached only 49% on October 16 2014, the lowest spot level of the
​past ​three years and far away from the last record level on May 16 2013 at 94.0%
​when​SP500 was at 1650.

​​The main technical indicators like the moving average of the Bullish Percentage
​Index of the SP100 Index are showing some sign of bearishness since July 1...​

​​The 7 DMA ( Day Moving Average ) on this ratio turned on a bearish trend since July 1 and now stand ​at 57.71%, ​the lowest since October 29 2014. ​​(56.00% for the spot level ).

But getting over the 70% on that Indicator have been in the past a first ​warning sign ​of overbough conditions building up. ( See first chart below - ellipses )​​ 

​​That Indicator is in bearish mode since July 1 and broke on the downside the 200 DMA (Day Moving ​Average) , on July 8, another overbought sign. (See first chart below - Red Line ​​

​​Observe also that in July, taking the ratio of the Bullish Percentage Index ​of the SP100 Index over the SP500 Index, we have that ratio near the high of the past 5 years; zone associated with market turmoil.
A liquidity concern or may be a Buyback Shares concers for the top 100 coprs within the SP500 Index ?  ( See second chart below - ellipses )

​​But the most interesting factor is that taking the ratio of the PKW ETF ( Powershares Buyback Achievers: The PowerShares Buyback Achievers Portfolio tracks a market-cap-weighted index of stock in U.S. firms that repurchased at least 5% of their outstanding shares in the previous 12 months )  over the SP500 Index, we have PKW underperforming the Mighty SP500 Index since last April:   A Buyback concern ? ( See third chart below - ellipses )







​​

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SP100 Index Bull% Index: Lowest since October 2014 ?  $SPY, $SPX, $ES_F  #Trading #Nasdaq #SP500
SP100 Index Bullish % Index ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )
SP500 Index ( Bottom Panel )​​
​50 DMA ( Blue Line )
Financialiceberg.Com
Financialiceberg.Com
RATIO
​SP100 Index Bullish % Index over SP500 Index ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )
SP500 Index ( Bottom Panel )​​
​50 DMA ( Blue Line )
Financialiceberg.com
Financialiceberg.com
RATIO
PKW ETF ( Powershares Buyback Achievers​ - Top Panel - Dots )
7 DMA ( Blue Line )

SP500 Index ( Bottom Panel )​​
​50 DMA ( Blue Line )
​2000 DMA ( Red Line )​
Financialiceberg.Com
Financialiceberg.Com