TVO Market Barometer 3/13/15

TVO MB 3-13-15b

What looked like a valiant effort by the bulls last Thursday got pretty much washed away on Friday. Volume-wise the up/down ratio of each day was the exact opposite of the other with hardly any overall change. Towards the end of the day on Friday it looked like the shorts who forgot to cover on Thursday had a second chance and took advantage of the opportunity, giving us a notable bump, but the bears are seeing red and seem to have control of the ball for now. So we all know to watch the Fed this week (as if that’s going tell us something new), but triple witching and the upcoming end of the quarter are sure to contribute to the fireworks as well. Until then the battle over SPY 205 continues. -MD

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