TVO Market Barometer 2/25/15

TVO MB 2-25-15b

The fireworks kicked in around 1:30 today as SPY made yet another new high, which was met by a hefty round of profit taking. From a volume perspective not so hefty though (up volume was greater than down), indicating that those who bailed were more of the small time weak hands rather than the big boys. But yet, there lies the great doji, supposedly indicating indecision, leaving the technical analysts scratching their heads over what comes next. What that is we don’t know (somebody does know somewhere believe me), but the first sign of distribution (if we get any) may just kick the oscillator in the opposite direction giving us a sell signal, so stay tuned. -MD

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