Market Internals

NYSE $Tick Above 0 bullish, below 0 bearish. Key levels we watch +/-600, +/-800 and +/-1000, using those levels to scale out. +/- 1000 can signal a reversal or a dip buying/selling pops opportunity. NYSE Advancing and Declining Issues Key level to watch out for is +/-500 as it shows us Bullish/Bearish, above +/- 1000 a strong trending day is likely to happen and +/-1500 to 2000 unlikely to see a reversal on the day. NYSE TRIN indication of possible bullish run when TRIN gets below .70 to .50, below .50 to .40 are extreme readings (can expect a reversal or retracement bearish side). Bearish indication is when TRIN gets above 1.35 to 1.75 expect a bearish trend, anywhere closer to 2.00 is extremes reading (expected reversal / retracements to the bull side). TRIN between .90 and 1.20 market is likely to chop.