TVO Market Barometer 12/11/14

TVO MB 12-11-14b

The trading range scenario is looking more and more likely at this point. There really isn’t much risk/reward left for the bears to sink their teeth into as the 50 day is just a stone’s throw away on the S&P. There’s no such thing as a neat and orderly pullback so nothing unusual about the volatility. Government shutdown? Haha, heard that one before. But we would like to see more negative oscillator values before going long. We’re following a very similar pattern of volume as last year, which led to a long signal on 12/18/13… just in time for Santa, but we’ll see how it goes this year. -MD

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