You tin run into that NYSE advancing stocks are leading decliners past times a niggling over 640 issues equally of my writing this. The intraday A/D business is almost its day's high, fifty-fifty though the S&P 500 Index (SPY) is good off its early on morning time peak. This is because minor cap stocks, represented amongst large caps inward the NYSE Composite universe, are showing relative forcefulness compared with the S&P 500 large caps.
If yous expect at the NYSE TICK distribution on the day, you'll run into that it is skewed positively. This is because many of the smaller stocks are trading on upticks. By comparison the distribution of ES book at offering vs. bid with the distribution of NYSE TICK, nosotros tin attain a feel for whether thought is favoring large vs. minor caps. On tendency days, these thought measures volition deed together, equally large as well as minor caps display a directional bias.
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