TVO Market Barometer 12/2/14


The market flushed out the weak hands and sprung back with surge of volume almost equal to Mondays’s selloff, with the Nasdaq leading the way. This could serve to reignite the fire that might just force a lot of bears back into hibernation. Because it’s all about momentum, and now that the oscillator shows we’re “Eager,” it makes it even harder for all non-believers in the rally to pass this one by. -MD

Follow me @TradingLicks on Twitter and Stocktwits