6 Indicators and they all scream "Buy!"

Buckle up for the ride up. You are receiving this email because you signed up to receive emails from True Market Insiders, rebranding to Sector Edge. [Unsubscribe here]( Keep the emails you value from falling into your spam folder. [Whitelist True Market Insiders](. Forgot your login information? Click [here](. [Image] Weekly Market Update Today is January 13, 2022 Hello and Happy Friday! If you’ve been following True Market Insiders for any length of time, you’ve probably heard me, or Chris Rowe or Costas Bocelli mention “the granddaddy of all technical indicators.” We mean the New York Stock Exchange Bullish Percent Index (NYSE BPI). This particular chart is so important, that it’s literally the first thing each of us looks at each and every trading day. Bill Spencer Editor-In-Chief True Market Insiders It’s so central to our investing approach that one of the very first pieces of content we created when TMI opened its doors – way back in January of 2016 – was a web page devoted specifically to tracking important changes in the NYSE BPI. On Wednesday, January 11,the BPI did something very important, and I want to make sure you know about it. In case you haven’t seen it, what follows is the full update from that BPI page I just mentioned. ************** January 12, 2023 ~ Bill Spencer This Recent Change Is: A reversal from a column of O's into column of X's Date of Change: January 11, 2023 Amount of Time Since Previous Column Change: 26 days Interpretation: The market should now be considered Strong over the short term, while still weak over the intermediate to longer term -- subject as always to certain caveats. ************** Yesterday (Jan 11) our favorite technical indicator flipped from a falling column of O's into a new column of X's. This after spending 26 days in O's. There are a couple of interesting points about this latest reversal. For one, since March of 2021, the NYSE BPI has reversed from O's to X's 10 times, counting yesterday's flip. I've drawn dotted red lines below the lowest box in each O-column that came before a reversal into X's. Under the most recent O-column I've drawn a red arrow. Notice the pattern? Or, rather, do you notice the pattern that just got interrupted? Before yesterday, every time the BPI flipped to X's it did so after an O-column had made either a new low, or fell as low as the O-column that came before. The dotted red lines make that pretty clear.   Learn more [right here]( about Chris Rowe’s Wealth Shield Live Trade Room [Click Here](   This most recent O-column, which was put in on December 16, 2022, did not get anywhere near as low as the O-column that preceded it. This is not an unexpected development. If you've been reading True Market Insider, our free eLetter, you'll know that Chris Rowe has been saying that when the market reverses higher after having gotten washed out and oversold, that you can ignore the first Sell signal after the bullish reversal out of oversold. We see that wisdom confirmed in the image above. The BPI reversed into X's out of oversold... then, a new O-column was formed... And, finally, a new X-column (highlighted in yellow at the far right of the chart) forms from off of an O-column that failed to make a new or even low. This is strong confirmation that longer-term strength has returned to the stock market. The 2021/2022 bear market has ended and we're in a new stage of the long-term stock market cycle -- the Advancing Stage. There's another reason this latest bullish flip to X's was not unexpected. And that is because the bullish percent index (BPI) charts for all five of the major market averages had already flipped to X's before yesterday. (What, you didn't know that the other major averages had their own BPI charts? They do!) And here they are. The S&P 500... The Nasdaq Composite... The S&P 400 (mid-cap stocks)... The Russell 2000 (small-cap stocks)... And the S&P 600 (also small-cap stocks)... By the way, it's a telling measure of the respect the NYSE BPI receives from savvy traders that until it, itself, flips to X's, we're not yet ready to fully call a bull market. There's a reason we call it the "granddaddy of all technical indicators." In addition to what we're seeing with the NYSE BPI, there are other indications confirming that we're in a new bull market. I won't detail all of them here. But if you read [the article that Costas Bocelli published today in True Market Insider]( you'll find some of those indications. As always, do not try to use the NYSE BPI as a device for timing the market. That's not what it does best. Instead, use it as a barometer of risk. Let it tell you whether risk, at any point in time, is to the upside or the downside. And of course scroll down and read the other posts and commentary [on this page](. Finally, do check out [Chris Rowe's YouTube channel](. Every Tuesday Chris, Costas and I put out a short video where we look at the market through the powerful (but overlooked) lens of Monday's price activity. [Here’s our most recent video](. Thanks for reading! And speaking of Chris, you should know that he’s taking on a limited number of new traders for online mentoring. Twice each week Chris holds live sessions where he scopes out the markets, [and even opens up his trading room]( so he can show you what he’s up to. If you're interested in being mentored twice a week, [click here](. Bill Spencer Editor-in-Chief, True Market Insiders   [My Secret Indicator Says Ferocious Rally Coming]( [3 Keys to Trading Like a Superhero in 2023]( [Red Dragon Bull Market?](   [True Market Insiders' Portfolio Track Record] You can [change your preferences here]( DISCLAIMER ©2023 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. 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