Education & Information
Bullish Percent Charts
Bullish Percent (BP) Charts are invaluable tools to help an investor access the levels of supply and demand, and the overall risk level within a particular universe of stocks. These charts were first developed in 1955 by A. W. Cohen and his company Chartcraft. Today, the BP concept is still being carried out by Chartcraft and the good people running that company. You can visit their website at www.chartcraft.com. The BP charts found on our website are complied from data provided by Chartcraft.
Did you ever notice how most general market indicators get you aggressive near market tops and defensive near market bottoms? BP charts were designed to help an investor become defensive at market tops and aggressive at market bottoms. They help an investor tune out the media, Wall Street research and emotions, all of which can be harmful when making investment decisions. BP charts help you make objective, informed investment decisions.
BP charts can be used for any universe of stocks. The more common uses are for broad markets, such as the New York Stock Exchange and NASDAQ, and industry sectors of the market.