Overall volume is gradually building at a frustratingly slow pace. The bulls are moving forward, but there’s clear apprehension in the air. The oscillator is drifting here so there’s no clear direction in terms of volume where things are headed at this point. Of course, that can change very quickly, with the jobs report tomorrow being a likely catalyst. Maybe the “V” trade seems to easy for the bulls and too scary for the bears… and that means the big institutional commitment will only come after new highs are broken again… in which case the chase continues. -MD
The TVO System results for 2014 are in and will be posted soon, so stay tuned!