A TICK TomOscillator Study Suggesting a Monday Bounce

Originally published at Quantifiable Edges.

Using closing TICK values as a sentiment indicator is something I learned a long time ago my friend and fellow market analyst, Tom McClellan of McClellan Financial Publications (click for Tom’s article on closing TICK). Tom uses the NYSE closing TICK readings to measure recent end-of-day sentiment. I introduced the TICK Tomoscillator several years ago. For those that are not familiar with the TICK Tomoscillator, you may find a detailed description in the May 13, 2011 blog. The Tomoscillator % Rank Friday came in below 1%, meaning Friday’s reading is among the lowest 1% in the last year. The study below uses the Tomoscillator % Rank reading rather than just the raw reading.

With 23 of 25 instances closing up the next day, there has been a strong bullish inclination. And the line going from lower left to upper right is extremely straight. This is the first time this study has triggered since 2024, but I've liked it for a long time and it's always on my radar.

— Rob Hanna · Quantifiable Edges · Capital Advisors 360