Bullish Tape – MarketTells.com

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With stocks down modestly, Cumulative NYSE TICK is showing no sign of weakness. It’s currently running in the +60,000 range, which will make today the eighth straight positive session for this tape indicator. You might recall we just saw this same pattern triggered exactly two weeks ago, and that it typically leads to a flat or up market over the next week. Since 2012, 24 out of 30 occurrences (80%) led to a higher S&P500 one week later, a decent edge over the 61% random odds. 5 of the 6 losses were under 0.5%, leaving 0.5% moves an impressive 17-1….

06/07/21… SPX ??? one week later
05/24/21… SPX +0.1% one week later
04/09/21… SPX +1.4% one week later
02/10/21… SPX +0.1% one week later
11/11/20… SPX -0.1% one week later
05/26/20… SPX +3.0% one week later
12/17/19… SPX +1.0% one week later
04/03/19… SPX +0.5% one week later
02/20/19… SPX +0.3% one week later
01/09/19… SPX +1.2% one week later
10/03/17… SPX +0.6% one week later
07/18/17… SPX +0.7% one week later
05/01/17… SPX +0.5% one week later
03/31/17… SPX -0.3% one week later
01/10/17… SPX +0.1% one week later
06/01/16… SPX +0.9% one week later
04/19/16… SPX -0.4% one week later
03/04/16… SPX +1.1% one week later
05/21/15… SPX -1.1% one week later
04/08/15… SPX +1.2% one week later
11/10/14… SPX +0.2% one week later
08/22/14… SPX +0.8% one week later
06/20/14… SPX -0.1% one week later
02/25/14… SPX +1.6% one week later
01/10/14… SPX -0.2% one week later
10/25/13… SPX +0.1% one week later
04/29/13… SPX +1.5% one week later
03/07/13… SPX +1.2% one week later
01/09/13… SPX +0.8% one week later
09/12/12… SPX +1.7% one week later
07/06/12… SPX +0.2% one week later