TVO Market Barometer 2/26/15

TVO MB 2-26-15b

The oscillator is slowing down and unless we get substantial accumulation tomorrow the values will start heading south. The train called NASDAQ 5000 may not have any more room for passengers at his point as volume amazingly continues to build, but only a fraction higher than yesterday. The morning flush on SPY did give us some distribution finally (just barely), and the QQQs may likely follow suit. Will this end up looking like a bump in the road in retrospect, or are we on the edge of the “Tired Market” rollover the bears have been waiting for? There’s one more trading day left in February and one more chance for sparks to fly, so we could be in for a good show. -MD

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