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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%
whenSP500 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

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

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