Cumulative TICK

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Thursday marked the first time this year that Cumulative NYSE TICK recorded eight consecutive sessions in positive territory. That reflects a bullish tape that normally leads to a flat or higher market over the short-term. Since 2012, 23 out of 30 separate occurrences (77%) led to a higher S&P500 one week later. That’s not a big edge over the 61% random odds, but note six of the seven losses were under 0.5%. That leaves 0.5% moves an impressive 17-1….

Cumulative TICK Positive Eight Consecutive Sessions
03/31/22… SPX ??? one week later
11/08/21… SPX -0.4% one week later, max DD 1.5%
06/07/21… SPX +0.7% one week later, max DD 0.4%
05/24/21… SPX +0.1% one week later, max DD 0.4%
04/09/21… SPX +1.4% one week later, max DD 0.3%
02/10/21… SPX +0.1% one week later, max DD 0.6%
11/11/20… SPX -0.1% one week later, max DD 1.5%
05/26/20… SPX +3.0% one week later, max DD 0.7%
12/17/19… SPX +1.0% one week later, max DD 0.0%
04/03/19… SPX +0.5% one week later, max DD 0.2%
02/20/19… SPX +0.3% one week later, max DD 0.7%
01/09/19… SPX +1.2% one week later, max DD 0.9%
10/03/17… SPX +0.6% one week later, max DD 0.1%
07/18/17… SPX +0.7% one week later, max DD 0.0%
05/01/17… SPX +0.5% one week later, max DD 0.4%
03/31/17… SPX -0.3% one week later, max DD 0.8%
01/10/17… SPX +0.1% one week later, max DD 0.7%
06/01/16… SPX +0.9% one week later, max DD 0.7%
04/19/16… SPX -0.4% one week later, max DD 1.1%
03/04/16… SPX +1.1% one week later, max DD 1.5%
05/21/15… SPX -1.1% one week later, max DD 1.5%
04/08/15… SPX +1.2% one week later, max DD 0.4%
11/10/14… SPX +0.2% one week later, max DD 0.4%
08/22/14… SPX +0.8% one week later, max DD 0.0%
06/20/14… SPX -0.1% one week later, max DD 0.9%
02/25/14… SPX +1.6% one week later, max DD 0.6%
01/10/14… SPX -0.2% one week later, max DD 1.5%
10/25/13… SPX +0.1% one week later, max DD 0.4%
04/29/13… SPX +1.5% one week later, max DD 0.8%
03/07/13… SPX +1.2% one week later, max DD 0.1%
01/09/13… SPX +0.8% one week later, max DD 0.0%

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