tradesmart
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TICKing up......
Glad that the shorts got a few points, but those of a bearish inclination might do well to consider the recent messages from market internals registers TICK and TRIN which I find very useful….
TICK represents the number of stocks ticking up minus the number of stocks ticking down on NYSE…when TICK is generally baseing at around zero and peaking high above 1000,the bulls are winning…
TRIN measures stock volatility – when under one, advancing stocks are the major source of volume, and when over one declining stocks are the predominant source of volume flow.
The recent readings have been saying – short me at your peril imho…..it’s going up..
Glad that the shorts got a few points, but those of a bearish inclination might do well to consider the recent messages from market internals registers TICK and TRIN which I find very useful….
TICK represents the number of stocks ticking up minus the number of stocks ticking down on NYSE…when TICK is generally baseing at around zero and peaking high above 1000,the bulls are winning…
TRIN measures stock volatility – when under one, advancing stocks are the major source of volume, and when over one declining stocks are the predominant source of volume flow.
The recent readings have been saying – short me at your peril imho…..it’s going up..
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Well FC I used to hold a prune eating record from my schooldays - 139 in a minute or two, as I recall! Your mission should you choose to accept it!
I was hinting at the closure of market tomorrow, and I trust you're more in the know than your post implied!
Cheers
Q
PS - do people buy Bernard Mathews shares at this time of year! Bootiful!
I was hinting at the closure of market tomorrow, and I trust you're more in the know than your post implied!
Cheers
Q
PS - do people buy Bernard Mathews shares at this time of year!
Bootiful!I wish all you Americans a Happy Thanks Giving.
So what's the DOW going to do Friday?
We've seen a hell of a run of late, but historically this is not abnormal with the run up to TG.
So, will we see a see-saw Friday or a drop of 70pts plus?
I'm not betting. I'm a FTSE man. But if I was to dabble in our American market, I'd plump for a drop.
yours
UK
So what's the DOW going to do Friday?
We've seen a hell of a run of late, but historically this is not abnormal with the run up to TG.
So, will we see a see-saw Friday or a drop of 70pts plus?
I'm not betting. I'm a FTSE man. But if I was to dabble in our American market, I'd plump for a drop.
yours
UK
helpful info
Hi Tradesmart, can you tell us how to get your useful info / charts?
Best Regards
tradesmart said:Glad that the shorts got a few points, but those of a bearish inclination might do well to consider the recent messages from market internals registers TICK and TRIN which I find very useful….
TICK represents the number of stocks ticking up minus the number of stocks ticking down on NYSE…when TICK is generally baseing at around zero and peaking high above 1000,the bulls are winning…
TRIN measures stock volatility – when under one, advancing stocks are the major source of volume, and when over one declining stocks are the predominant source of volume flow.
The recent readings have been saying – short me at your peril imho…..it’s going up..
Hi Tradesmart, can you tell us how to get your useful info / charts?
Best Regards
tradesmart
Experienced member
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useful info / charts
Hi twiglet, I use SierraCharts with a MyTrack data feed for realtime charting.
For more information on TICK & TRIN follow the link.
Hi twiglet, I use SierraCharts with a MyTrack data feed for realtime charting.
For more information on TICK & TRIN follow the link.
Equities have rallied in World stock markets during the course of the last few weeks. The questions on most traders’ minds are how long will it last and how high will equities go? The bulls have already started talking about the DOW hitting the 11,200 level within the next fortnight and the market reaching record highs within the next 3 months.
To bolster their claims they point to a 15% drop in oil prices; increased profits in the US and a benign inflation outlook. Furthermore, house prices have not hit the buffers yet and the consumer is still fairly bullish. Add to this the fact that the markets tend to have an end of the year rally and one can see why the backslapping is gathering momentum.
Add to this the levels of cash on corporate balance sheets and we can see further upward momentum due to higher dividends, share buybacks and takeovers.
Markets will go higher for now and the bears will be well advised to watch from the sidelines, there is no point in wasting ammunition. When the music stops (as it will), many will be left without chairs and the drop will be significant. The catalysts will be a massive jump in oil and gas prices; the flu virus and or the onset of the worst winter in the last 40 years or so.
For now, forget the nay sayers and LET THE MUSIC PLAY.
To bolster their claims they point to a 15% drop in oil prices; increased profits in the US and a benign inflation outlook. Furthermore, house prices have not hit the buffers yet and the consumer is still fairly bullish. Add to this the fact that the markets tend to have an end of the year rally and one can see why the backslapping is gathering momentum.
Add to this the levels of cash on corporate balance sheets and we can see further upward momentum due to higher dividends, share buybacks and takeovers.
Markets will go higher for now and the bears will be well advised to watch from the sidelines, there is no point in wasting ammunition. When the music stops (as it will), many will be left without chairs and the drop will be significant. The catalysts will be a massive jump in oil and gas prices; the flu virus and or the onset of the worst winter in the last 40 years or so.
For now, forget the nay sayers and LET THE MUSIC PLAY.
