"Tick16" Posts
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 […]
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 2012-11-19
By Lawrence
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 […]
Market Internals 2012-10-18
By Lawrence
The current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Oct 18 close. Reading 1. Long Term Tick16 (yellow line) in bearish zone 2. Short Term Tick16 (red line) travels back to neutral zone 3. 3 Days Advance Issues (green line) back to overbought zone Inference 1. By #1 […]
Market Internals 2012-09-19
By Lawrence
The current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Sep 18 close. Yes, am posting the chart 1 day late. Reading 1. Long term Tick16 (yellow line) in bearish zone 2. Short term Tick16 (red line) recovered to above neutral zone with S&P printing year high 3. 3 […]
Market Internals 2012-08-17
By Lawrence
The 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 is in overbought zone 3. Tick16 LT failed to push above neutral zone Inference #1 bearish – S&P ready for a significant pullback […]
Market Internals 2013-02-17
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 […]