The market is off to a horrible start today.
Back in November I looked at days that started off strong and did not register a negative TICK reading for the entire first half-hour. Strong starts often led to strong finishes. Today there were
no positive TICK readings for the 1st half-hour. This kind of weakness happens quite rarely. When it has occurred in the past, it’s made for some very rough days. Below are statistics showing the 10am – 4pm EST performance after such weak starts.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrSfQ6Bfx_UroJboqDr0hgvR_klpGGveZ4363ohXEYiW_1vJwcS-uwvaRoKih-VkFXD86xvAK4E5EyhvZCOUsMNu4BOo7KRE_rKMqeg71EA_i0BMjTvmt4x4_Mm3c_72dJjdHDm1KVsRS5/s800/2010-2-4+png1.png)
Certainly not a knife you want to normally try and catch.
For those who would rather view it as a short-selling opportunity, here’s how it looks from the short side.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj20ADjwInXcMrAGDNPKEZk0Inyy_FjisoZTILXZhWdqEDoCydqE2KE52nvnzsqlSut5cH6srbBBM2eMLn85wviwDPZPAEKRoAEM2uWNKKJ71vJT6N3qpbIAicx2GLIeAWDF5ET1d3xQEh0/s800/2010-2-4+png2.png)
No matter how you view it, very weak starts like today tend to carry big risk and little reward for the bulls for the remainder of the day.
2 comments:
Nice work! What happens the next day on average?
thanks!
Hi - forgive my ignorance, but what is TICK?
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