TVO Market Barometer 12/26/14

TVO MB 12-26-14b

Well good old St. Nick has finally brought us some of the volume we wanted, but up to this point (since 12/16) the Santa rally has been built like a house of cards. The hedge funds took what they could get and called it a year and the real buyback program is just getting underway.But will we get some kind of catalyst to tip the whole thing over? Dow 18000 barely made headlines and the lack of volume reaction around other news makes it look like we may drift higher into Jan (until the unemployment numbers possibly?)… unless the market has some other tricks up it’s sleeve. -MD

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