Bullish percent, Bullish % or % Bull Trends – every point & figure stock chart has either a buy or a sell signal. This is a major advantage to technical analysis and is entirely mechanical.
The bullish % is the number of stocks on “buy” signals compared to the total for the groups. When most stocks are on sell signals, the bullish % is low. It is a positive sign when the bull % begins to improve. It is negative when the bull % turns down from highs.
We also consider whether the P&F chart is in an up or down column. If the bullish % is on a P&F buy signal and in an up column, it is long term and short term bullish. If the P&F chart is on a buy signal and in a down column, it is long term bullish, but short term bearish. If the P&F chart is on a sell signal and in a down column, it is long and short term bearish. If the P&F chart is on a sell signal and in an up column, it is long term bearish, but short term bullish.
This is one of the features I like best with Bull's-Eye Broker Point and figure charting software. It let's me calculate Bullish Percent on any portfolio, as well as on any of the indexes like NYSE, or SP500.