TVO Market Barometer 12/15/14

TVO MB 12-15-14b

We had a continuation from Friday’s selloff with what looked like capitulation-like selling until about noon. It’s the most declining volume we’ve had since the last time we’ve had this much volume, which was last Monday… and the Monday before that. Considering that next Monday most big players will be well into holiday mode, this may be the final Monday flush in December. This means we could have a reversal by Friday, so the shorts may want to think about covering while the going is good. For the longs, this is when tuning out the noise starts to get difficult. Stay focused and the time will come. -MD

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