TVO Market Barometer 1/26/15

 

TVO MB 1-26-15b

There was strong up volume across the board, but it’s the accumulation on the Nasdaq that’s been pulling most of the weight in terms of volume these past 2 sessions. Not so unusual for slight divergences to occur while both bears and bulls fight to gain some ground… And then when the charts are viewed over a longer time frame everything appears to smooth out and we wondered what we saw in the first place. “What’s your time frame” may very well be the most important question a trader needs to deal with. There may not be much snow on the ground now, but when you wake up tomorrow that’s another story. -MD

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