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Tuesday, November 29, 2016

TICK Daily Chart

The TICK chart prints uber high +1,000 numbers in the daily basis. This identifies off-the-charts optimism and bullish excitement. When the TICK prints +1,000, it is a good time to short or to sell out of long positions. When the TICK prints -1,000, it is a good time to cover the shorts and go long.

The TICK is a must-use chart for day traders (use the TICK 1-minute chart). To gain an edge, before entering a long position, you want to see uber low TICK numbers and conversely, when you go short you want to see uber high TICK readings. This starts off your trade in a better position instead of blindly entering or exiting trades.

The chart has remained above -600 over the last year clearly illustrating the power of the central bankers that can pump stock markets higher forever with easy money (there are no uber low TICK readings for many months). The Trump Rally over the last three weeks creates the +1,000 ticks. Traders expect Trump to spend money on infrastructure so the basic materials, industrials, commodities and energy stocks run higher. Keynesian government and central banker spending rules the markets over the last eight years. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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