As regular readers know, the NYSE TICK is 1 of my favorite measures of short-term stock marketplace sentiment. Here nosotros encounter TICK on a 3-minute basis; banking concern notation how the bars largely rest below the horizontal nil (purple) line. Influenza A virus subtype H5N1 quick await at the distribution of TICK values is afforded past times the moving average of TICK (blue line), which has stayed below nil through the session, exactly has of late firmed.
As a rule, values inwards a higher house +800 advise pregnant buying sentiment--many stocks upticking simultaneously, a sign of plan buying--and values below -800 demo pregnant selling sentiment. In today's merchandise therefore far, we've had no readings inwards a higher house +800, exactly quite a few below -800. That's a certain sign that institutions--those executing the plan trades--have been strongly leaning to the sell side.
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