Tick Tick Boom
From Ticker Sense The S&P 500 Uptick-Downtick Index (TIKX) measures the number of stocks in the S&P 500 that have traded on an uptick minus the number of stocks that have traded on a downtick at any given time during…
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From Ticker Sense
The S&P 500 Uptick-Downtick Index (TIKX) measures the number of stocks in the S&P 500 that have traded on an uptick minus the number of stocks that have traded on a downtick at any given time during the trading day. When the number reaches the +/- 300 level, it generally indicates a large program trade. The table below shows the daily high and low of the TIKX. While we are at somewhat of a loss for an explanation, it is interesting to point out that in the past few weeks, we have seen an increase in the high/low spread of the TIKX. This increase was preceded by a month or two of very low daily spreads.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
