Declining volume was still heavy in the indices, enough to thwart the surge of afternoon dip buying. The year end profit taking plan got postponed until January and the current action is looking like a great setup for a mid month buyback. Overall volume is increasing and advancing volume is starting to build up on the big board, so it would be likely that we see some more buyers entering soon with SPY leading the way. Hmm the oscillator was the same as yesterday… a pause before the reversal perhaps? Ideally we need to be in the -2.0 to -3.0 range to go long. -MD
The TVO System results for 2014 are in and will be posted soon, so stay tuned!