08/26/2021
The markets are becoming very "narrow" at these levels. Narrow suggests that most of the increase in the indexes are coming from a smaller and smaller group of stocks.
The $BPNYA shows how many stocks on the NYSE are on Point and Figure Buy Signals. As you can see from the lower pane, the $BPYNA is declining as the $SPX hits higher highs. The is a caution flag!