TVO Market Barometer 2/13/15

TVO MB 2-13-15b

This rally is starting to lose a little steam (and so is all of Boston after digging out of 90″ of snow in one month… I think my car will stay where it is until Spring). Overall volume declined on Friday, but it does appear that we’ve broken out of the seemingly endless range we’ve been in since December, so any move here will likely be that of sideways consolidation with the previous resistance of SPY 209 now acting as support. The Greek drama continues to unfold, but the market continues to act unfazed, so it may be best for the shorts to not put too much weight on the outcome, which may not get resolved anytime soon… but hey, even the snow will all melt away eventually. -MD

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