Wednesday, September 30, 2009

Midday Briefing for September 30th: Shift in Sentiment


Note how the distribution of the NYSE TICK has shifted over the course of the day, with reduced downticking and increased upticking. The moving average of TICK has been moving steadily higher, from below zero to above, indicating growing buying interest off the market's lows.
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1 comment:

TraderInterviews.com Blog said...

Crazy how it seems nothing can keep this market down. Bad news, bad earnings, government subsidized industry - amazing.

A good lesson that the market has it's own mind and to not let the news affect your thinking when trading. Thanks Brett.