Participation Picks Up Across the Nasdaq 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by David Keller.
The Nasdaq Bullish Percent Index is breaking out of a multi-week coil, while the Nasdaq itself remains confined to its own consolidation.
By tracking the percentage of Nasdaq stocks on bullish point-and-figure buy signals, the bullish percent index provides a simple yet effective way to measure market breadth and participation.
When breadth improves ahead of price, it's often an encouraging sign that the underlying trend remains healthy and intact.
The Takeaway: The Nasdaq's internals are sending a very bullish message.
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