Identifying the NYSE TICK Environment and Stock Market Sentiment
August 4th, 2009
| Categories: Market Minds
Here we see the distribution of one-minute NYSE TICK readings thus far this morning. Recent posts have focused on TICK as a way of gauging intraday buying and selling sentiment. A quick and dirty way of assessing buying and selling pressure is to consider positive and negative TICK readings as separate distributions. Count the number of one-minute readings that exceed +800 and count the number that fall below -800. For TICK to read more than +800 or less than -800, institutions have to be executing baskets of stocks that will either uptick or downtick simultaneously.
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Identifying the NYSE TICK Environment and Stock Market Sentiment
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