Cumulative TICK Powering Higher as Institutions Remain Buyers
By
Rennie on Tuesday, February 2nd, 2010 at 3:27 pm
Following through from Monday’s two-month TICKscore high, we’re seeing more bullish institutional participation Tuesday. NYSE TICK action is very strong, with TICKscore currently at +33 and Cumulative TICK closing in on the +100,000 level. Looks like we’ll see a two-month high for Cumulative TICK (any close above +87,000), which will have bullish implications for the intermediate-term. Historically, when Cumulative TICK hits a two-month high, the S&P has a strong track record of continuing to push higher over the next two weeks. The last thirty occurrences are listed in the table below…
NYSE Cumulative TICK Hits a Two-Month High
12/23/09… S&P500 +2.2% two weeks later
12/01/09… S&P500 -0.1% two weeks later
07/15/09… S&P500 +4.6% two weeks later
03/12/09… S&P500 +10.9% two weeks later
03/10/09… S&P500 +12.0% two weeks later
01/02/09… S&P500 -8.8% two weeks later
10/13/08… S&P500 -15.4% two weeks later
07/29/08… S&P500 +2.1% two weeks later
07/16/08… S&P500 +3.1% two weeks later
04/16/08… S&P500 +1.5% two weeks later
03/18/08… S&P500 +2.8% two weeks later
11/28/07… S&P500 +1.2% two weeks later
06/27/07… S&P500 +2.8% two weeks later
05/02/07… S&P500 +1.2% two weeks later
04/05/07… S&P500 +2.8% two weeks later
03/20/07… S&P500 +1.9% two weeks later
10/12/06… S&P500 +1.9% two weeks later
10/04/06… S&P500 +1.2% two weeks later
07/19/06… S&P500 +1.5% two weeks later
06/01/06… S&P500 -2.3% two weeks later
04/18/06… S&P500 +0.4% two weeks later
01/03/06… S&P500 +0.7% two weeks later
11/02/05… S&P500 +1.4% two weeks later
05/18/05… S&P500 +1.6% two weeks later
02/04/05… S&P500 -0.1% two weeks later
01/31/05… S&P500 +2.1% two weeks later
11/04/04… S&P500 +1.9% two weeks later
05/25/04… S&P500 +1.6% two weeks later
05/11/04… S&P500 +1.6% two weeks later
02/06/04… S&P500 -0.2% two weeks later
In 24 out of the last 30 occurrences, or 80% of the time, the S&P was trading higher two weeks later, significantly better than the 57% at-any-time odds for a higher S&P ten trading days later in the same time frame.
Cumulative TICK Powering Higher as Institutions Remain Buyers
By Rennie on Tuesday, February 2nd, 2010 at 3:27 pmFollowing through from Monday’s two-month TICKscore high, we’re seeing more bullish institutional participation Tuesday. NYSE TICK action is very strong, with TICKscore currently at +33 and Cumulative TICK closing in on the +100,000 level. Looks like we’ll see a two-month high for Cumulative TICK (any close above +87,000), which will have bullish implications for the intermediate-term. Historically, when Cumulative TICK hits a two-month high, the S&P has a strong track record of continuing to push higher over the next two weeks. The last thirty occurrences are listed in the table below…
NYSE Cumulative TICK Hits a Two-Month High
12/23/09… S&P500 +2.2% two weeks later
12/01/09… S&P500 -0.1% two weeks later
07/15/09… S&P500 +4.6% two weeks later
03/12/09… S&P500 +10.9% two weeks later
03/10/09… S&P500 +12.0% two weeks later
01/02/09… S&P500 -8.8% two weeks later
10/13/08… S&P500 -15.4% two weeks later
07/29/08… S&P500 +2.1% two weeks later
07/16/08… S&P500 +3.1% two weeks later
04/16/08… S&P500 +1.5% two weeks later
03/18/08… S&P500 +2.8% two weeks later
11/28/07… S&P500 +1.2% two weeks later
06/27/07… S&P500 +2.8% two weeks later
05/02/07… S&P500 +1.2% two weeks later
04/05/07… S&P500 +2.8% two weeks later
03/20/07… S&P500 +1.9% two weeks later
10/12/06… S&P500 +1.9% two weeks later
10/04/06… S&P500 +1.2% two weeks later
07/19/06… S&P500 +1.5% two weeks later
06/01/06… S&P500 -2.3% two weeks later
04/18/06… S&P500 +0.4% two weeks later
01/03/06… S&P500 +0.7% two weeks later
11/02/05… S&P500 +1.4% two weeks later
05/18/05… S&P500 +1.6% two weeks later
02/04/05… S&P500 -0.1% two weeks later
01/31/05… S&P500 +2.1% two weeks later
11/04/04… S&P500 +1.9% two weeks later
05/25/04… S&P500 +1.6% two weeks later
05/11/04… S&P500 +1.6% two weeks later
02/06/04… S&P500 -0.2% two weeks later
In 24 out of the last 30 occurrences, or 80% of the time, the S&P was trading higher two weeks later, significantly better than the 57% at-any-time odds for a higher S&P ten trading days later in the same time frame.