The Closing Print live trading and financial blog during market hours.

TICK Cumulative and the Fate of the S&P500 – SPX and SPY

TICK cumulative indicator is rising pointing to a bullish close for last week. That said, the members weekend video newsletter discussed a few of the mixed signals headed into the week. SPY printed a fifth bullish week.


SPY weekly

Momentum is changing as well, with PMO and MACD printing a bullish cross.


TICK crossed last week signaling a return of institutional investors. As this rises, more stocks are being bought on the uptick, versus the number of stocks being sold on the downtick. A cumulative measure of institutional buying and selling is a useful tool for getting in front of momentum. In this case the markets are close to trending again, similar to the March crossover.

TICK Cumulative

SPX and SPY are witnessing narrowing of their Bollinger bands. Watch for a move back to the 20d or a breakout. Both are equally possible.

With sales and earnigns taking the reins, we anticipate a breakout soon.

Use the member weekly watch list as a guide. These stocks were chosen for their relative strength in sectors that showed institutional footprints. As always wait for the Opening Range before reading the daily bias.

We’ll be LIVE at 9:20 AM. Futures are flat and the US Dollar is higher.

Happy Monday,


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