TVO Market Barometer 12/4/14

TVO MB 12-4-14b

The Market is running out of steam and not even Draghi could keep the declining volume from winning over today (Guess what… he’s been talking about the stimulus mandate thing since October, so already priced in folks). If we don’t get a significant volume boost tomorrow or in the next few days, this could be the makings of a short term top. And what about the December effect? Maybe the hype is what makes managers feel they have to chase, when they should really just quit while they’re ahead. If (and when) Santa comes this year, he’ll be just in the nick of time. -MD

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