Looking at market internals before making day trading decisions is a critical part of my real-time analysis that’s often overlooked.
So in today’s video, I’m going to walk everyone through how I use three different indicators, the $TICK, $TRIN and the A/D Line ($ADD), which is also known as the advance/decline line.
I’ll explain how these indicators can provide insights into institutional buying and selling activity, market trends and the overall health of the stock market at any given time.
We’ll cover:
📈 $TICK: A positive $TICK indicates institutional buying, while a negative $TICK signals selling. Extreme readings (above 800 or below -800) signify strong buying or selling pressure.
📉 $TRIN: This index measures the overall trend of the market. A high reading (above 6) suggests an extreme overbought condition, while a low reading (below -2) indicates an oversold market.
📊 $ADD (Advance/Decline Line): This indicator tracks the number of stocks advancing versus declining. A divergence between the A/D line and the S&P 500 can indicate that a handful of stocks are propping up the market, potentially leading to a sharp decline if these stocks pull back.
👀 Correlation: It’s important to watch for correlations between these indicators and the overall market. For instance, if the $TICK is down while the S&P 500 is up, it could signal a potential reversal.
⚠️ Red Flags: Discrepancies between internals and the overall market movement can be a red flag, suggesting potential weakness or unsustainable momentum.
Check out today’s video up top for the full rundown!
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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