Technical Analysis » Buying Sentiment Stalls Out: A Look at the Cumulative NYSE TICK

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Buying Sentiment Stalls Out: A Look at the Cumulative NYSE TICK

Here we see the Cumulative NYSE TICK from July 1st through Thursday. Recall that the NYSE TICK measures the number of NYSE stocks trading on upticks minus those trading on downticks. This gives us a relative sense for buying vs. selling pressure across the broad range of stocks. The Cumulative TICK adds the one-minute values for the NYSE TICK to a running total, like an advance-decline line. When the Cumulative TICK line is rising, it means that we’re seeing more stocks trading on upticks than on downticks: net buying sentiment. When the line is falling, we’re seeing more stocks trading on downticks than upticks, which indicates net selling sentiment….
Original Source: traderfeed.blogspot.com