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Conference nyoss1::market_investing

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

872.0. "Tick and Closing Tick" by NETRIX::michaud (Jeff Michaud, That Group) Tue Jun 06 1995 14:35

	What is the "tick"?  As in the "closing tick"?

	I know I know, I should buy one of those dictionary of
	market terms :-)
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872.1CSEXP2::ANDREWSI'm the NRATue Jun 06 1995 14:555
    Number of companies closing up - Number of companies closing down
    
    I've seen this abbreviated as TIK.
    
    TIKI is the DJIA TIK.
872.2PCBUOA::KRATZTue Jun 06 1995 15:087
    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
872.3NETRIX::michaudJeff Michaud, That GroupTue Jun 06 1995 15:447
>     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?
872.4ASDG::HORTONPaving the Info HighwayTue Jun 06 1995 16:072
    Uptick means the latest trade was higher than the previous one.
    
872.5next day's trading expectationSTOHUB::SLBLUZ::WINKLEMANWinkleaustinmanWed Jun 07 1995 18:076
	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
872.6URQUEL::J_OPPELTHe said, 'To blave...'Wed Jun 07 1995 19:571
    	The Tick is a great cartoon.
872.7Ticks or ticklesMR2MI1::BMORRISONThu Jun 08 1995 14:319
    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.
    
    
872.8The official TICK noteEVMS::HALLYBFish have no concept of fireThu Jun 08 1995 15:3835
    * 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