"Tick16" Posts
Market Internals 2011-08-18
By LawrenceIt is 1 am Eastern Time and the overnight market is down at the moment. Japan Nikkei is down more than 1% But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint. That means a […]
Market Internals 2011-08-16
By LawrenceAs indicated yesterday before market close that a pullback is due and that it is likely in the afterhours session, here it is – a selloff in the night at 20 S&P points range. This pullback may not be just a pullback at all. It is confirmed by breadth yesterday that it is overbought in […]
Market Internals 2011-06-12
By LawrenceSince last update, there were 2 attempts of 1% bounce. Both failed to get any legs. From both cases, the melt down mode were triggered leading to more selloff. 5% drop target was 1300 to slightly below – tagged, bounced and failed. 8% drop target is 1260 to slightly below – tagged and not bounced […]
Market Internals Update 2011-05-22
By LawrenceSomeone asked for an update so here it is. Take a look at the S&P500 Daily Breadth Monitor chart on front page after you read my comments here will help you understand what I see from the chart. I get these from the chart, 1. Oversold in TICK16 Short Term. 2. Topping action in 3-Day […]
Market Internal Update 2011-05-10
By LawrenceAs on last Friday, the 3-day advance issues was short term oversold. Thus it is expected a bounce should happen on Monday and that has already happened. Critical price level of 1350 in ES and 2400 in NQ has to block this move from going higher for the bearish scenario to continue. If the bearish […]
Market Internals Update 2011-05-03
By Lawrence
After I posted the breadth bias warning last week. Someone asked for some samples of the potential outcomes from history. Here they are. First one, the one that simply go sideway for a month. Second one, if there is a turn, it should happen quickly in first 2 weeks of May.
Market Internals 2011-08-25
The expected bounce happened. And based on 3-day advance issues and Tick16 Short Term the rally will be over quickly if not already. The divergence top on the 3-day advance issues together with the overbought conditions on both breadth readings point to a sharp selloff in the making. Can start as early as today. The […]