"Market Breadth" Posts
Trading with Tick Index: Blind Short Day Trading Model
By Lawrence
I am going to present the first example trading model in this series that exploits the characteristics of the NYSE Tick Index. Most people focus on the intraday behaviour of the Tick Index and forget that it is a great summary statistics tell us what is more likely going to happen the very next trading […]
Trading with Tick Index: Recognize the Micro Trend Channels
By Lawrence
The NYSE Tick Index (aka the $Tick index) and other similar tick indices all demonstrate a similar trending properly. I call it the micro trend channels of the tick indices. These micro trends are easy to recognize visually once you understand how they behave in general. Be prepared – this article and the upcoming ones […]
Market Internals 2013-02-17
By Lawrence
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Feb 17 close. Reading 1. Long Term Tick16 (yellow line) below neutral zone but not dropping 2. Short Term Tick16 (red line) pulled back to neutral zone 3. 3 Days Advance […]
Trading with Tick Index: Know Its Personality
By Lawrence
It is time to take a look at the basic statistical behaviour of the Tick Index. Following is a chart of NYSE Tick Index and its 3 distribution graphs. Red one is the distribution of the daily low. Yellow is the distribution of the daily close. Green is the distribution of the daily high. Visually […]
The War Of The Bots
By Lawrence
Many retail traders learned about the evil market making bots through mainstream media. Yet, they are not the ones that rule the game. Their nemesis, institution bots, are the ones even market making firms are afraid of. Institution Level Trading Is Different From Retail Trading Completely Institutions participating in the stock markets cannot just go […]
Market Internals 2013-01-18
By Lawrence
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Jan 18 close. Reading 1. Long Term Tick16 (yellow line) touch down at neutral zone and bounced off 2. Short Term Tick16 (red line) pulled back to neutral zone 3. 3 […]
Trading with Tick Index: Characteristics of Tick Index
By Lawrence
Due to the way Tick indices are constructed, they can be called statistics themselves. Unlike technical indicators that are directly derived from price series, Tick indices are indirectly correlated to the price movements of the underlying components. Hence Tick indices can move in their own ways that do not necessarily agreeing with the corresponding market […]
Trading With Tick Index: Introduction
By Lawrence
Tick Index was originally created by New York Stock Exchange. It is a statistical measure of the current state of the stocks traded in the exchange as a whole. It has many unique properties making it one of the most powerful indicators for trading stock index derivatives. Yet, it is also one of the trading […]
Market Internals 2012-12-19
By Lawrence
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Dec 19 close. Reading 1. Long Term Tick16 (yellow line) cleared neutral zone and zoomed to straight up to overbought area 2. Short Term Tick16 (red line) divergence against price for […]
Market Internals 2013-03-19
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 March 19 close. Reading 1. Long Term Tick16 (yellow line) below neutral zone but not dropping 2. Short Term Tick16 (red line) moved above the neutral zone 3. 3 Days Advance […]