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…
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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…
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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…
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The S&P500 managed a fractional gain Monday despite poor market internals. The NYSE…
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Jason Goepfert from SentimenTrader shared the following seasonal pattern via twitter Friday… when S&P futures have gained 0.5% on the last three days of a week, the first day of the following week has been down 74% of the time, averaging a loss of 0.7%. Here’s a look at…
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