Cumulative TICK closed just over +100,000 Tuesday, a fresh two-month high. That comes less than two weeks after the initial two-month high for Cumulative TICK back on July 7th, and I think we have to…
Login | Subscribe

The CBOE equity put/call ratio is on the verge of triggering an intermediate-term sell. It closed at .52 Monday, sending the…
Login | Subscribe

Friday marked the 22nd session over the past year in which the Dow Industrials posted an absolute daily change of 2% or more. That’s high from a historical perspective but downright tame compared to the outrageous 96 days with a 2%+ move recorded almost exactly one year ago in July 2009. Monstrous volatility like that has only been seen one other time in history – the early 1930’s. The number of 2% days peaked at…
Login | Subscribe

NYSE TICK ran up to a very high +1615 during Thursday’s late-day surge, which marks the highest TICK reading in years and what could be the highest reading ever recorded (depending if you believe the +2058 reading on the last day of 2006). That’s a short-term…
Login | Subscribe

Since 1965, there have been a total of 65 separate 90%+ up volume sessions. In 57 out of 65 cases, or 88% of the time, the S&P500 posted a higher high the following session. Wednesday’s session falls into the small minority of days when the S&P failed to post a higher high after a 90%+ up volume day. Looking over the other occurrences, there’s a recurring theme of…
Login | Subscribe

After strong institutional participation in the Wednesday-Friday time frame of last week, we’ve seen a significant reduction this week despite the market’s steady gains. TICKscore closed in negative territory for the second day in a row at -3, Cumulative TICK was essentially flat at +1,400. Higher prices have not motivated further buying. This trend was particularly evident on Tuesday as S&P futures settled below the day’s midpoint. That’s a sign of…
Login | Subscribe

The S&P500 managed a fractional gain Monday despite poor market internals. The NYSE…
Login | Subscribe