TVO Market Barometer 12/17/14

TVO MB 12-17-14b

The market played out the scripted “Fed Bounce” to a tee. Advancing volume was at extreme levels over declining, but overall there was barely a whimper across the board. The signal from above has been given for the oil shorts to cover, but there wasn’t much steam behind the longs. Where will we get the much needed volume boost to propel things further? From Russia with Love, perhaps? If not, we may possibly be looking at a double dip after a few days sideways (or Turtle soup as it’s called). The plot will surely thicken as we head towards the Witching Hour on Friday. -MD

For more on market volume, The TVO System, or how to trade options follow me on Twitter (@TradingLicks) and StockTwits!