TVO Market Barometer 2/12/15

TVO MB 2-12-15b

On days like today I often get comments from friends like “Whatever you do Mike, just stay out of the market.” It seems that to them making new highs is just as scary, if not more so, than hitting new lows because they’re all thinking it’s only a matter of time before… well you get the idea. Well right now volume stats (and the big institutions) say otherwise, as TVO tallies another round of accumulation for February, a month in which we’ve seen practically no distribution (which is interesting considering the dark cloud of news lingering overhead). So should we start worrying? When running with bulls, it’s best to stay out of the way or else get trampled… it’s okay to be vigilant, but please don’t stay out of the market. -MD

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