TICK Remains Impressive

What we don't want to see is prices up like they are today, but the TICK diverging and showing low readings, that would tell us that the market was being propped up by a few heavy weight stocks like AAPL on the NASDAQ.

Just like last week as prices moved lower and the low range tick kept moving higher, we could see fewer and fewer stocks were participating in the move down, breadth was turning positive and that is one of the bullish signals that led to today.

Today the move we are seeing, despite having some flat spots is not seeing a negative tick and this is unweighted so it's all of the NYSE stocks and good measure of intraday breadth, the bottom line is, so far so good. This doesn't look anything like a market manipulated up using the typical gimmicks of using the most heavily weighted stocks in an average to lift it while the rest languish.

Earlier we saw a nearly +1800 reading, that's an extreme we don't see very often on the up or downside, the lowest tick today was about -689 which is in the normal range of average, even on a big day up like this. To not see at least a few spikes at -1000 / -1250 is very rare.

In other words, the market seems to be telling us this is the real deal, this is what we have been seeing signs of and we are just getting started, if we have a near +1800 tick today, imagine on a short squeeze. We could REALLy see that intense, fast move up that takes the bears by complete surprise.