This edition of Equity Leaders Weekly (ELW) explores the Bullish Percent Index, a technical tool that measures market breadth through bullish point-and-figure signals. After the April 10 edition of ELW signaled an oversold condition, the BPI may have helped elite advisors identify a market rally. Recent reversals from elevated readings suggest increased caution. The BPI may complement other indicators to provide deeper insights into market risk. Advisors are invited to explore these concepts further with SIA’s support and upcoming summer sessions.