Bullish Percent Index: % of Stocks on Point & Figure Buy Signals
The Bullish Percent Index condenses roughly 4,750 eligible common-stock Point & Figure charts in a typical session (1% box, 3-box reversal) into one 0–100 gauge: the share of stocks whose standing structural signal is a buy. Slower and less whipsaw-prone than price-based breadth — when this line reverses from the 70/30 extreme zones, something structural changed.
Today's reading
As of market close on October 19, 2026, the Bullish Percent Index is 27.2% — 1,294 of 4,755 US stocks with standing Point & Figure signals are on a buy signal, putting the index in oversold territory (below 30%). The index rose 0.1 percentage points on the session. Computed with a 1% box, 3-box-reversal P&F state machine per stock; the series runs from 2010 to present.
Sources, methodology & freshnessDaily OHLCV for eligible US common stocks (roughly 4,750 in a typical session; 2010–present) · Daily after market close (~1:30 PM PT)Data as of 2026-10-19 · Open ↓Close ↑
27.2% of all US stocks are on a Point & Figure buy signal (+0.1pp vs the prior session).
SPY closed at $766.48. Above 70% is overbought; below 30% is oversold; reversals out of the zones are the classic signals.
Bullish percent by universe
All US Stocks: Bullish Percent Index
Share of every eligible US common stock on a P&F buy signal (4,755 with a standing signal on 2026-10-19), SPY overlaid. Shaded zones above 70% (overbought) and below 30% (oversold).
S&P 500 Members: Bullish Percent Index
The same count for today's S&P 500 members (494 of 503 have price history; list as of 2026-10-19). On 2026-10-19, 39.9% of 494 members with a standing signal were on a buy.
Nasdaq-100 Members: Bullish Percent Index
The same count for today's Nasdaq-100 members (100 of 101 have price history; list as of 2026-10-19). On 2026-10-19, 45.0% of 100 members with a standing signal were on a buy.
Survivorship caveat. The S&P 500 and Nasdaq-100 readings use today's members all the way back to 2010-02-26; we hold no historical membership. Companies removed from either index, often after falling, are missing, and later additions are counted before they joined. Older readings therefore lean bullish, so how often these lines sat in a zone in the past is overstated or understated depending on the zone. Read them for recent turns and for the gap to the broader lines, and leave the studies to the all-stocks index.
All Nasdaq-Listed Stocks: Bullish Percent Index
Every eligible common stock listed on Nasdaq, 2,499 with a standing signal on 2026-10-19. Most are small companies, so this line shows the breadth beneath the Nasdaq-100. It also keeps stocks that later delisted, so it carries none of the index lines' survivorship drift.
On 2026-10-19, 45.0% of Nasdaq-100 members were on a buy against 24.9% of all Nasdaq-listed stocks, a gap of 20.1 points in favour of the largest companies. Over the past year the gap averaged 5.6 points and ranged from −12.4 to 23.9.
Reading the current tape
As of 2026-10-19, the Bullish Percent Index is 27.2% — 1,294 of 4,755 stocks with standing Point & Figure signals are on a buy (oversold), with SPY at $766.48. The index rose 0.1pp on the session.
The Manual — Bullish Percent Index
The BPI reads 27.2% — 1,294 of 4,755 stocks on Point & Figure buy signals. The owner's guide grades the folklore against our full record: the 26 sub-30 washouts averaged above-baseline forward returns (with 2022's three straight failures shown), while the 32 over-70 “overbought” episodes preceded above-baseline returns too — the sell-signal half of the legend fails the test.
Read The Bullish Percent Index Manual →27.2% of all US stocks are on a Point & Figure buy signal (+0.1pp vs the prior session).
SPY closed at $766.48. Above 70% is overbought; below 30% is oversold; reversals out of the zones are the classic signals.
How Bullish Percent Index Works
- 1Run a Point & Figure chart for every stockEach stock's full daily history is converted into a Point & Figure chart using a 1% box size and the standard 3-box reversal — columns of X (rising) and O (falling) that filter out time and small noise, leaving only meaningful price movement.
- 2Detect buy and sell signalsThe classic signals: a Double Top Breakout (a rising X column exceeding the previous X column's high) flips the stock to a buy signal; a Double Bottom Breakdown (a falling O column undercutting the previous O column's low) flips it to a sell signal. A signal persists until the opposite one fires.
- 3BPI = % of stocks on a buy signalEach day we count the share of stocks whose standing P&F signal is a buy, across every stock with at least one signal on record. 50% is neutral; the information is at the extremes and in the reversals.
- 4Read it like a field-position gaugeAbove 70% = overbought territory (offense has been working, risk of exhaustion); below 30% = oversold (washout territory where durable lows form). Reversals OUT of the extreme zones are the classic P&F-style signals.