NYSE TICK INDEX

I'm pretty anxious to see what tonight's SKEW Index comes in at after that sharp gain yesterday. For the time being, here's a look at the NYSE TICK INDEX vs the S&P-500.

 Note the trend of the TICK Index (green with red trend lines) and compare to the S&P-500.

The chart below is of the S&P today, it may give a clearer view f the S&P's trend, now that you have seen TICK's trend.

You see what's going on during this rather flat area of the S&P? TICK s calculated as advancing stocks (per each tick, in this case the number of advancing NYSE stocks every minute, minus the number of declining stocks).