Through 13:00 CT, I calculated the discover of NYSE TICK readings that exceeded +800 in addition to the discover that were lower than -800.
For 800 stocks to uptick or downtick simultaneously, nosotros need to encounter purchase or sell programs executing.
The full discover of +800 or -800 readings so gives us a clue equally to the relative action of those programs.
So far today, equally of 13:00 CT, nosotros had nothing readings to a higher house +800 in addition to 61 readings (out of 270 minutes of trade) below -800.
Lots of programme activity. Selling.
If we're to rally, we'll need to encounter meaning positive readings to nation us that these lower prices are attracting institutional interest. In the absence of such signals, the bounces inwards TICK accept represented opportunities to come inwards on the sell side.
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