Title: | Market Investing |
Moderator: | 2155::michaud |
Created: | Thu Jan 23 1992 |
Last Modified: | Thu Jun 05 1997 |
Last Successful Update: | Fri Jun 06 1997 |
Number of topics: | 1060 |
Total number of notes: | 10477 |
What is the "tick"? As in the "closing tick"? I know I know, I should buy one of those dictionary of market terms :-)
T.R | Title | User | Personal Name | Date | Lines |
---|---|---|---|---|---|
872.1 | CSEXP2::ANDREWS | I'm the NRA | Tue Jun 06 1995 14:55 | 5 | |
Number of companies closing up - Number of companies closing down I've seen this abbreviated as TIK. TIKI is the DJIA TIK. | |||||
872.2 | PCBUOA::KRATZ | Tue Jun 06 1995 15:08 | 7 | ||
I thought "tick" was an instantaneous snapshot of number of companies that last traded on an uptick - number of companies that last traded on a downtick You can have a disasterous day, for example, with lots of companies closing down for the day, but if the last 5 minutes of trading showed a rally, the "closing tick" will be positive. Kratz | |||||
872.3 | NETRIX::michaud | Jeff Michaud, That Group | Tue Jun 06 1995 15:44 | 7 | |
> I thought "tick" was an instantaneous snapshot of > number of companies that last traded on an uptick - > number of companies that last traded on a downtick What is the def. of uptick and down tick? Is it the direction of the current trade price relative to the price of the previous trade? | |||||
872.4 | ASDG::HORTON | Paving the Info Highway | Tue Jun 06 1995 16:07 | 2 | |
Uptick means the latest trade was higher than the previous one. | |||||
872.5 | next day's trading expectation | STOHUB::SLBLUZ::WINKLEMAN | Winkleaustinman | Wed Jun 07 1995 18:07 | 6 |
I have taken it as an indication of what the market direction would be at tomorrow's open if everything else stayed the same. -Austin W | |||||
872.6 | URQUEL::J_OPPELT | He said, 'To blave...' | Wed Jun 07 1995 19:57 | 1 | |
The Tick is a great cartoon. | |||||
872.7 | Ticks or tickles | MR2MI1::BMORRISON | Thu Jun 08 1995 14:31 | 9 | |
I have a guess. A tick is what my beagle brings home!!! Another guess, if you look at the business channel is that they all state that the market was down a tick or the bond market was up a tick. Then look at the data. I think a tick is 1/32. | |||||
872.8 | The official TICK note | EVMS::HALLYB | Fish have no concept of fire | Thu Jun 08 1995 15:38 | 35 |
* The original author was asking about ticks as indicators of whether a stock trades up or down from its previous trade. There are upticks, downticks and even ticks. These all refer to the most recent trade price versus the trade price just before that. The terminology used is "... trading on an {UP,DOWN,EVEN} tick" Sometimes you'll hear the term "even-up tick" or "even-down tick". This means the stock last traded on an even tick but if you look back in time the last tick that wasn't an even tick was an uptick or downtick. Notation: + for uptick, - for downtick, = for even tick. ++- Last trade was a downtick, the two trades before that were upticks ++= Even-up tick +== Even-up tick, again --- 3 consecutive downticks (look familiar? :-) * Stocks that are trading above yesterday's close are ADVANCING issues, and you can guess what DECLINING and UNCHANGED issues are. The term "tick" has nothing to do with advancing/declining/unchanged issues. * Then there are price ticks as raised by .7: In the bond market a tick is 1/32, that's the minimum fluctuation. Since the underlying instrument is priced at $1000, $1000/32 = $31.25, so the value of a bond tick is $31.25 In the stock options market a minimum tick is 1/16 but the price is in dollars per 100 shares, the value of a tick is $100/16 = $6.25. In the S&P futures market where 1.00 = $500, a tick is 0.05 or $25. In gold futures it's $10. Etc. John |