TICK NYSE Tick Index and SPX S&P 500 5-Minute Charts

The TICK and TRIN one-minute charts scroll continuously for any serious day trader or investor for that matter. Stock prices are washed out at uber low TICK's of -1000 and lower while TICK's at +1000 and higher indicate too much euphoric bullishness in the stock market. You can see on Friday after the opening the TICK fell to -900 which created an intraday bottom. The negativity continued at lunchtime with another low TICK that created an intraday bottom. The bears rule the day and continue driving the SPX lower and print a -1000 TICK so a bounce is expected, which occurs, but then stocks roll over again into the weekend.

The TICK is useful to give yourself a few-penny advantage while placing trades. Obviously, if you want to put a short trade on for a given stock, do not place the trade if the TICK is down at -1000; that would be stupid. Wait for the TICK machine to be above +500 and preferably near +1000 to put on your short. Conversely, if you want to buy a stock on the long side, any stock, do not buy it if the TICK is at +1000, as soon as you place the trade it will go against you. Instead wait for the TICK to print at -500 and lower, preferably at -1000, to place a long trade.

The low TICK readings on Friday hint that a relief rally is likely on the come. Price is starting to get washed out to the downside with multiple -1000-ish TICK's.

Also of interest, note how the SPX downward channel was well underway on Thursday before the Friday session even began. That steady-eddy downward path is machine-driven by the trading robots dumping blocks of stock with sell programs. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.