Basic Materials Bullish Percent Index
37.3% of Basic Materials stocks (236 with a signal) are on a point & figure buy signal as of Nov 9, 2026. The index is in Bull Confirmed: rising and has broken above its previous high: buyers are in control.
Shaded: above 70 (overbought, high risk) and below 30 (oversold, low risk). Daily since Nov 1, 2021.
Point & figure chart of the Basic Materials bullish percent
2-point boxes, 3-box reversal: a new column needs a 6-point move.
Every index and sector
| Group | Bullish % | 1 week | 1 month | State |
|---|---|---|---|---|
| S&P 500 | 54.4 | -2.2 | +21.8 | Bear Correction |
| Nasdaq 100 | 36.4 | -8.1 | -4.6 | Bull Correction |
| NYSE stocks | 44.7 | -1.6 | +11.1 | Bear Correction |
| Nasdaq stocks | 40.5 | -3.7 | +1.5 | Bear Correction |
| All US stocks | 42.4 | -2.8 | +5.7 | Bear Correction |
| Technology | 31.8 | -11.3 | -13.5 | Bear Confirmed |
| Financial Services | 57.0 | +2.0 | +8.9 | Bear Correction |
| Healthcare | 41.8 | -2.6 | +9.3 | Bear Correction |
| Industrials | 37.1 | -7.0 | -0.1 | Bull Correction |
| Consumer Cyclical | 54.4 | +2.6 | +28.6 | Bull Alert |
| Consumer Defensive | 48.6 | +0.0 | +17.6 | Bull Alert |
| Communication Services | 38.2 | +4.9 | +6.0 | Bull Alert |
| Energy | 27.6oversold | -21.9 | -14.2 | Bear Confirmed |
| Basic Materials | 37.3 | +0.2 | +7.6 | Bull Confirmed |
| Real Estate | 37.7 | +6.7 | +11.0 | Bull Alert |
| Utilities | 38.0 | +12.5 | +22.8 | Bull Alert |
Recent signals on this chart
| Date | Signal | Pattern | Level |
|---|---|---|---|
| Aug 7, 2026 | Buy | double top | 52% |
| Jul 7, 2026 | Sell | double bottom | 34% |
| Jun 15, 2026 | Buy | double top | 46% |
| May 14, 2026 | Sell | double bottom | 46% |
| Feb 20, 2026 | Sell | double bottom | 66% |
| Jan 9, 2026 | Buy | double top | 72% |
| Sep 26, 2025 | Sell | double bottom | 56% |
| Jul 31, 2025 | Sell | double bottom | 62% |
How it is built
For every stock in the Basic Materials sector we draw its point & figure chart each evening (traditional box, 3-box reversal, one year of daily highs and lows) and check whether its latest signal is a buy or a sell. The bullish percent is the share on a buy. Stocks with no signal yet in their one-year window are left out.
Readings above 70 mean most stocks have already broken out (less room left, higher risk); below 30, most have broken down (lower risk). The state comes from the P&F chart above: Alert is the first reversal out of a zone, Confirmed a breakout past the previous column, Correction a pullback against the last signal.
History uses today's members (S&P 500 from each stock's date added), so stocks removed or delisted since are missing. Prices adjusted for splits and dividends. This describes past price action, not a forecast.