TICK Daily Chart

The CPC and CPCE put/calls are at high readings, the NYMO is at a low reading, the NYAD shows a washout in negativity, the TICK machine prints an uber -1200 low yesterday, the SPX 2-hour chart prints universal possie d and the overnight yuan fixing is not as weak as expected (although the PBOC has now crossed the Rubicon by setting the yuan midpoint above 7.00 (weaker yuan) for the first time since April 2008). All these parameters are bullish for VST (very short term) tactical traders and the intraday lows yesterday provided a great entry opportunity.

It does not mean that the official all-clear has sounded for stocks. A tweet from President Trump or a central banker comment can immediately send the stock market wildly in one direction or the other. The TICK machine hit -1200 yesterday when trading started. A -1200 reflects uber negativity, all hope is lost, the end of the world is near. Of course that is when you buy. If you ever see a -1200 tick as a day trader, you buy, buy, buy. Conversely, if you see a +1200 tick, you go short. A -1000 and lower number reflects excessive negativity in the stock market and usually a bounce occurs while a +1000 and higher tick number reflects excessive euphoria and complacency and the stock market then typically retreats. 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.