Cumulative TICK Posts Second-Highest Reading of 2011

NYSE TICK action was consistently positive Thursday, with only four minutes registering an intraday reading below -600. The persistent action sent the Cumulative TICK up to +95,000 at the close, the highest one-day reading since February 1st. That’s usually an intermediate-term bullish sign. Here’s a look at the last 30 instances in which Cumulative TICK closed at a two-month high…

NYSE Cumulative TICK Hits a Two-Month (40 trading day) High
06/30/11… S&P500 ??? two weeks later
04/26/11… S&P500 +0.7% two weeks later
02/01/11… S&P500 +1.6% two weeks later
10/08/10… S&P500 +1.5% two weeks later
10/05/10… S&P500 +0.4% two weeks later
07/22/10… S&P500 +2.9% two weeks later
07/20/10… S&P500 +3.4% two weeks later
07/07/10… S&P500 +0.9% two weeks later
03/05/10… S&P500 +1.9% two weeks later
02/02/10… S&P500 -0.4% two weeks later
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

In 25 out of the last 30 occurrences, or 83% of the time, the S&P was trading higher two weeks later, significantly better than the 59% random odds for a higher S&P ten trading days later in the same time frame.

Categories : Archived EOD Commentary, End-of-Day Commentary

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