TVO Market Barometer 12/18/14

TVO MB 12-18-14b

Volume fell across the board in day 2 of this short covering rally. This is the same bull market that everyone hated, and that now no one will short because… well, this is X-mas. And there just aren’t that many folks around to keep the sleigh from taking off. With the oscillator still dropping it would make sense if we consolidate for a few days (and possibly fill the gaps) before continuing. Will we find the much needed volume tomorrow as options expire? If the big institutions are waiting in the wings it surely can’t be for lower prices. Unless… that’s exactly what they’re waiting for. -MD

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