Thursday, March 25, 2010

NYXE TICK: Catching Shifts in Intraday Sentiment

Here's a nice illustration of how diminished selling pressure (NYSE TICK, bottom chart) and positive sentiment (Cumulative TICK staying above zero) led to an upside break of the morning range on enhanced volume (top chart). The shift in the distribution of TICK was a nice tell for the coming move.

1 comment:

Krasimir said...

Another clue might have been the mkt inability to move to the lower band of the openning rng. see how mkt retraced only to the center of the rng and then reversed.