TVO Market Barometer 12/29/14

TVO MB 12-29-14b

The direction of the oscillator is continuing it’s upward turn with significant increase in volume from last Friday. The Market seems be calling it’s favorite tune of 2014 (and most of this decade) which is “Buy High and Sell Higher.” Is this something that we do with the TVO System? It depends on where prices are when the oscillator turns, but that’s arbitrary because price is never a factor in the generating of a buy or sell signal. So is another round of profit taking in the big institutions New Year’s plans? We’ll soon see, but the bounce in the VIX is something to keep an eye on. -MD

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