NYSE TICK

We have some good member contributions today, first the New High/New Low and right along the same lines in a totally unrelated email, the NYSE TICK Index.

The TICK Index should roughly match the trend of the market, it's another breadth indicator and again just numbers or hard fact. The TICK is created by taking all NYSE stocks and subtracting declining issues from advancing issues, it is most useful when it is making a similar trend to the market and you draw trend lines around the TICK trend and when there's a break in the TICK trend, a break in the market follow soon (that can be up or down), but this is a really strange TICK chart, just as extreme as the NYSE High/Low if not more so.

From yesterday to present, the NYSE TICK is trending down. Typically with a price move like this not only would it be trending up, but it would be solidly in the +1250 to +1500 level, it's at 116 stocks are beating out decliners.