NYSE TICK Intraday Lows

With 90 minutes to go in Friday’s abbreviated session, the NYSE TICK’s intraday low currently stands at -819. This is potentially noteoworthy given that Wednesday’s low TICK reading was only -782. Since the elimination of the uptick rule in July ’07, we’ve seen a total of 32 sessions in which the NYSE TICK did not trade below the -900 level on two consecutive sessions. The market’s next-day performance has been mixed, although selloffs tend to be larger than normal while gains tend to be below-average. Note the S&P’s average loss (1.4%) nearly tripled the average gain (0.5%)…

NYSE TICK Does Not Trade Below -900 Two Consecutive Sessions
04/15/10… S&P500 -1.6% next day
04/06/10… S&P500 -0.6% next day
03/08/10… S&P500 +0.2% next day
03/05/10… S&P500 -0.0% next day
01/14/10… S&P500 -1.1% next day
01/11/10… S&P500 -0.9% next day
01/06/10… S&P500 +0.4% next day
01/05/10… S&P500 +0.1% next day
12/29/09… S&P500 +0.0% next day
12/28/09… S&P500 -0.1% next day
12/24/09… S&P500 +0.1% next day
12/23/09… S&P500 +0.5% next day
08/21/09… S&P500 -0.1% next day
08/03/09… S&P500 +0.3% next day
07/27/09… S&P500 -0.3% next day
01/06/09… S&P500 -3.0% next day
01/05/09… S&P500 +0.8% next day (*)
01/02/09… S&P500 -0.5% next day
12/31/08… S&P500 +3.2% next day (*)
12/26/08… S&P500 -0.4% next day
11/28/08… S&P500 -8.9% next day
10/01/08… S&P500 -4.0% next day
08/22/08… S&P500 -2.0% next day
08/11/08… S&P500 -1.2% next day
08/06/08… S&P500 -1.8% next day
07/18/08… S&P500 -0.1% next day
07/17/08… S&P500 +0.0% next day
05/13/08… S&P500 +0.4% next day
05/12/08… S&P500 -0.0% next day
12/24/07… S&P500 +0.1% next day
10/05/07… S&P500 -0.3% next day
10/02/07… S&P500 -0.5% next day

Categories : Archived Intraday Commentary, Intraday Commentary

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