Monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 August 16 close. ...
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. ...
The market internal updates is turning into a monthly update ...
First I was told that I need to post the chart here so that there is a reference to what ...
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 ...
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 ...
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 May 17 close. ...
Tick Divergence is a very useful setup for identifying short term tops and bottoms in Emini intraday. It works very well across many different market environments making it one of ...
Market Internals 2013-12-23
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Dec 23 close.
Review
Got the rally I was looking for since the last update.
Once we got Short Term Tick16 registered overbought, we had the sharp pullback expected into mid December.
The pullback led to Short Term and Long Term Tick16 stuck together below neutral produced a breakout setup.
We are in the upside breakout run right now.
Reading
1. Long Term Tick16 (yellow line) getting close to neutral zone from below is neutral.
2. Short Term Tick16 (red line) right below neutral zone without a clear direction is also neutral.
3. 3-Day Advance Issues (green line) produced a new high confirmed by new high in S&P is bullish.
Inference
a. #1 produces no useful reading
b. #2 produces no useful reading
c. #3 bullish short term
Long Term Outlook
Rally will likely continue into new year. Strength in 3-Day advance issues will drag Short Term Tick16 higher.
That, however, will make this rally very over extended by time to the upside with risk of a very sharp pullback.
Be carefully with long when Short Term Tick16 is back up to overbought area again.
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