NYSE TICK Hits Highest Level Since March
By
Rennie on Friday, September 4th, 2009 at 1:36 pm
NYSE TICK recently exceeded +1500, its highest reading since March 18th and a sign buying power could be spent for the short-term. When the NYSE TICK initially records its highest intraday reading in two months or more, there’s a definitive tendency for the market to trade sideways-to-lower over the next couple of sessions. The last thirty occurrences are listed in the table below…
NYSE TICK Hits Two-Month High
09/04/09… S&P500 ??? two sessions later
08/27/09… S&P500 -1.0% two sessions later
08/21/09… S&P500 +0.2% two sessions later
05/18/09… S&P500 -0.7% two sessions later
02/24/09… S&P500 -2.6% two sessions later
10/17/08… S&P500 +1.5% two sessions later
09/18/08… S&P500 +0.1% two sessions later
09/05/08… S&P500 -1.4% two sessions later
07/08/08… S&P500 -1.6% two sessions later
03/26/08… S&P500 -1.9% two sessions later
01/23/08… S&P500 -0.6% two sessions later
06/27/07… S&P500 -0.2% two sessions later
06/12/07… S&P500 +2.0% two sessions later
06/08/07… S&P500 -1.0% two sessions later
03/21/07… S&P500 +0.1% two sessions later
03/12/07… S&P500 -1.4% two sessions later
12/20/06… S&P500 -0.9% two sessions later
11/30/06… S&P500 +0.6% two sessions later
08/29/06… S&P500 -0.0% two sessions later
05/19/06… S&P500 -0.8% two sessions later
01/03/06… S&P500 +0.4% two sessions later
04/12/05… S&P500 -2.2% two sessions later
04/07/05… S&P500 -0.8% two sessions later
07/12/04… S&P500 -0.3% two sessions later
05/14/04… S&P500 -0.4% two sessions later
05/12/04… S&P500 -0.2% two sessions later
03/05/04… S&P500 -1.4% two sessions later
02/02/04… S&P500 -0.8% two sessions later
08/26/03… S&P500 +0.6% two sessions later
07/01/03… S&P500 +0.4% two sessions later
04/30/03… S&P500 +1.4% two sessions later
Note that the S&P was lower two sessions later two-thirds of the time, well ahead of the 47% at-any-time odds for a lower S&P two sessions later. in only five cases did the S&P gain more than 0.5% over the next two days, while it fell more than 0.5% fifteen times.
NYSE TICK Hits Highest Level Since March
By Rennie on Friday, September 4th, 2009 at 1:36 pmNYSE TICK recently exceeded +1500, its highest reading since March 18th and a sign buying power could be spent for the short-term. When the NYSE TICK initially records its highest intraday reading in two months or more, there’s a definitive tendency for the market to trade sideways-to-lower over the next couple of sessions. The last thirty occurrences are listed in the table below…
NYSE TICK Hits Two-Month High
09/04/09… S&P500 ??? two sessions later
08/27/09… S&P500 -1.0% two sessions later
08/21/09… S&P500 +0.2% two sessions later
05/18/09… S&P500 -0.7% two sessions later
02/24/09… S&P500 -2.6% two sessions later
10/17/08… S&P500 +1.5% two sessions later
09/18/08… S&P500 +0.1% two sessions later
09/05/08… S&P500 -1.4% two sessions later
07/08/08… S&P500 -1.6% two sessions later
03/26/08… S&P500 -1.9% two sessions later
01/23/08… S&P500 -0.6% two sessions later
06/27/07… S&P500 -0.2% two sessions later
06/12/07… S&P500 +2.0% two sessions later
06/08/07… S&P500 -1.0% two sessions later
03/21/07… S&P500 +0.1% two sessions later
03/12/07… S&P500 -1.4% two sessions later
12/20/06… S&P500 -0.9% two sessions later
11/30/06… S&P500 +0.6% two sessions later
08/29/06… S&P500 -0.0% two sessions later
05/19/06… S&P500 -0.8% two sessions later
01/03/06… S&P500 +0.4% two sessions later
04/12/05… S&P500 -2.2% two sessions later
04/07/05… S&P500 -0.8% two sessions later
07/12/04… S&P500 -0.3% two sessions later
05/14/04… S&P500 -0.4% two sessions later
05/12/04… S&P500 -0.2% two sessions later
03/05/04… S&P500 -1.4% two sessions later
02/02/04… S&P500 -0.8% two sessions later
08/26/03… S&P500 +0.6% two sessions later
07/01/03… S&P500 +0.4% two sessions later
04/30/03… S&P500 +1.4% two sessions later
Note that the S&P was lower two sessions later two-thirds of the time, well ahead of the 47% at-any-time odds for a lower S&P two sessions later. in only five cases did the S&P gain more than 0.5% over the next two days, while it fell more than 0.5% fifteen times.