Very strange TICK action.

Because I have been daytrading waiting for the updated Robot I have been closely watching the Tick indicators on Tradestation.

Yesterday, the R2000 tick ($TIKRL) behaved VERY differently than the NYSE tick ($TICK) and the all market tick (TIKUSC). The R2000 declined for most of the day while the other 2 were generally rising.

As Billy has pointed out, the high beta secondary stocks will possibly be the first to rise so this could be a very important market tell over the next few days.

I also run my own screens which generally highlight small caps with good fundamentals, discount to perceived value and good momentum and these too are falling faster then the S&P 500.

Taking the 2 metrics together, and watching the relative performance, should be a good confirming indicator for IWM going forward. Obviously not as good as the Robot but nevertheless, very insightful.

We shall see !

Trev