TVO Market Barometer 3/12/15

TVO MB 3-12-15b

Yesterday’s shift toward heavier up volume continued today, but with only a nudge higher of volume overall. So we have begun to see some accumulation, but a ship with no sail can only stay at sea for so long. SPY has filled the gap and if we’re keeping with the market’s current policy of “No gap left unfilled,” then the NASDAQ is looking to fill one going up, while the Russell… Well let’s just say in the event of a smack down, you know right where it’s headed. And the bulls are rooting for a bad news rally, when its been made clear that the market has already made up it’s mind about the rate hike (and a lot of other things), and will need a lot more than a few bad economic numbers to change course… so bulls beware. The trap has been set. -MD

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