Here’s a day-by-day breakdown of our new Leading TICK indicator in comparison to the standard Cumulative TICK. Note that you can now see a live chart of Leading TICK vs. Cumulative TICK in the intraday charts section…
Stocks and bonds have been moving in the same direction
NYSE Cumulative TICK closed below -30,000 Friday
The S&P500 2-day RSI closed above the 99 level Tuesday
The spread between advancers and decliners on the NYSE swung from over +500 early in Thursday’s session to less than -800 at the close.
NYSE Cumulative TICK registered its ninth consecutive positive close on Tuesday.
The Nasdaq100 posted its second unfilled upside gap of the week Friday, capping off an impressive 10% rally since mid-October.
Looking back at similar days