Here's a strange one for you. The TICK for all intents and purposes hasn't been negative today. At 9:50ish, it had a short little spike down to -98, but that has been it. So for 4 hours now the TICK hasn't really been below 0. How can that be? People can't buy stocks fast enough? And at 12:12 we got a 1300+ TICK. Looks like the highest TICK since around Mar 22ndish or so. And then in Feb. we had by my count 5 TICKs that were higher, and 2 in Jan.
The TICK had been up trending off a local low it put in at 2:45ish yesterday and looks to have finally topped at 12:12. Looks to be slowly rolling over, but we got a 1000+ TICK at 1:18. And there's INTC hitting a new HOD. A few others chimming in now. Indexes all HOD. Looks like the lowest the TICK has been since 9:50 is about 150+. Strange. Very strange.
PREM has been very quiet all day. We in a rare occurance (and second time this week, Tuesday being the other) did not have program trading on the open, and then hit buying in the 9:35 time frame, and also came within an eyelash of program selling in the 9:35 time frame. Since then it's pretty much been sideways.
So are there no sellers at all today? Is it to da moon? Interesting, IBM was quietly going sideways a little red until just after 12, when it turned up and is now up $1. MSFT turned up about then too. PSFT and SEBL are going wild today compare to others, both up over 5%. And yet both have already warned for the quarter.