Trading Edges That Last
- You May Also LikeThe breadth is decidedly bearish. No divgerence long setup from 3-day advance issues. And Tick16 Short Term is overbought. Another flush low is needed to produce a daily level low.READ MORE3-Day Advance Issues again leads Tick16 in identifying the bounce since Wed. It is now heading towards the zero line (neutral zone) meaning the market can turn lower from ...READ MORE
Many day traders who use Tick Index as part of their market timing tools often find that it changes its behaviour every few weeks. The most obvious issue is that ...READ MOREReview of Forecast for Jan 11, 2016 Monday did not produce a flush down of 2% thus the 2% upside was not in play. Custom breadth did not reverse, so we ...READ MOREDid not post an update on the breadth readings for quite some time. My bad. The main theme so far over past 2 weeks is that since Tick16 long term has ...READ MOREThe current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Aug 17 Close. Readings 1. 3-Day Advance Issues having divergence top against S&P 2. Tick16 ST ...READ MOREI wrote an article in the Futures magazine some time ago on S&P 500 Tick16 Index and a basic daytrading system that exploit the statistical bias on the index. Here ...READ MOREReview of Forecast for Sep 14, 2015 Another week with extreme swings of 3% up and then 3% down thanks to FOMC interest rate decision. The normal expectation of 1% upside ...READ MOREClassic approaches to the interpretation of market breadth data are mainly based on signal generation and recognition of outlier events. The reason for market participants to do that is obvious ...READ MOREReview of Forecast for May 25, 2015 The expectation of a modest decline was correct. 1.5% decline was registered but did not drop further thanks to rumors were spread about Greece ...READ MOREMarket Internals 2011-08-11Market Internals 2011-04-15Trading with Tick Index: How to Normalize TickS&P500 Short Term Market Breadth Analog Forecast StartingMarket Internals 2012-05-14Market Internals 2012-08-17Trading with Tick Index: S&P 500 Tick16S&P500 Short Term Market Breadth Analog Forecast StartingMarket Breadth Primer: Market Breadth Analog Forecasting MethodS&P500 Short Term Market Breadth Analog Forecast Starting
As Featured In
Market Internals 2012-11-19
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Nov 19 close.
Reading
1. Long Term Tick16 (yellow line) rejected neutral zone and stuck in bearish zone
2. Short Term Tick16 (red line) in compression for more than a month now
3. 3 Days Advance Issues (green line) popped back up to overbought zone from divergence bottom
Inference
a. #1 still in trend sell mode
b. #2 points to breakout in the making
c. #3 in the context of #1 points to another push down in the making
d. if #2 resolves to the upside, #1 will follow and create a very powerful upside breakout
Share