Tuesday, July 1, 2014

Early Opening Indications

This is a much earlier post than I'd usually put out, I want to give the market some time and 3C time to catch up, but the 1 min chart can move pretty fast.

I'm posting this now because what is strange is not so much the non-confirmation of the opening gap, I suspected that might be the case, although I'm not ready to make a commitment to an option trade based on 15 minutes of trade, but the strange part is the TICK Index and that alone is worth posting.

No intraday 1 min confirmation , not even an attempt as of yet...
 DIA

IWM

QQQ

SPY

However, for a gap like that with the IWM +.75%, the TICK Index is glaring...
The highest high of the day thus far on the open was a meager +765, that's within the normal range of range bound markets intraday or even pullbacks, it's nothing like you'd expect for a gap up, this means only 765 stocks were up (TICK =NYSE advancing issues minus declining issues).

A VERY strange opening gap 

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