Lumberjack's Axe
Click here to see The Lumberjack's methodology for judging volumes in the S&P500 Emini Futures Contracts.
| Market Indicators | ||
| Indicator | Description | Importance |
| Rolling tick | Last tick of the day in the NYSE, i.e., how many stocks in NYSE are on uptick vs. downtick, averaged over last 22 days | High |
| Average daily range | Average spread between the high and low prices traded during one day | High |
| Large cap vs. small cap performance | Stock movement of companies with large market capitalization relative to that of companies with small market capitalization | Low for short term; High for Long term |
| Indices performance | Dow vs. S&P vs. Russell | Low for short term; High for Long term |
| Volumes in futures markets | Number of shares of contracts traded in the futures markets | Medium |
| Open interest | CME puts out a report daily on how many contracts were created vs. closed out; look for increase or decrease in contracts | Medium |
| Commitments of Traders report | CFTC releases a report every Friday detailing prior Tuesday's open interest for futures markets; shows where hedgers are positioning themselves | Low |