Jan
25

Poor NYSE TICK Action as Institutions Remain Better Sellers

By Rennie on Monday, January 25th, 2010 at 8:45 pm

NYSE TICK barely traded above +800 during Monday’s weak bounce, indicating a complete absence of institutional buyers. Recall that the TICK is calculated by subtracting the number of NYSE stocks that last traded on a downtick from the number of stocks that last traded on an uptick. Readings well above average suggest institutional buy programs are in effect, while below-average readings point to intraday sell programs. Our TICKscore indicator is designed to measure the number of such buy & sell programs hitting the tape each day, and on Monday…
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