NYSE TICK Closes Below -1,000

Offering some hope that the market could recoup today’s selloff in short order, the NYSE TICK closed below the -1,000 mark for the first time in nearly a year. The table below shows the max gain for the S&P500 (on a close-to-close basis) within three sessions of a -1,000 closing TICK…

NYSE TICK Closes Below -1000
07/27/11… ???
08/11/10… No higher close next three sessions
06/22/09… SPX +3.0% three sessions later
03/05/09… SPX +5.4% three sessions later
03/02/09… SPX +1.7% two sessions later
02/23/09… SPX +4.0% one session later
01/20/09… SPX +4.3% one session later
12/04/08… SPX +7.6% two sessions later
11/19/08… SPX +5.6% three sessions later
11/12/08… SPX +6.9% one session later
10/09/08… SPX +10.3% two sessions later
09/15/08… SPX +1.8% one session later
09/09/08… SPX +2.2% three sessions later
03/19/08… SPX +4.2% three sessions later

There were no occurrences prior to 2008.

12 out of 13 occurrences preceded a 1.5% gain within the next three sessions.

9 out of 13 occurrences preceded a 3%+ gain within the next three sessions.

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

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