TVO Market Barometer 3/30/15

TVO MB 3-30-15b

In nearly 4 years of compiling volume data, TVO still manages to surprise me. What seemed like a clear day of accumulation across the board, didn’t really fare so well under the hood for the bulls. We did get our confirmation volume on the NASDAQ, but SPY fell short, pulling back a bit in volume overall. Now, being that it is the end of Q1 tomorrow, it’s not to say that things won’t follow suit, but a better case for a continued rise at this point, ideally, would be a move together in volume (rather than taking turns)… So it may be that we need a bit more consolidation around the SPY 208 level before anything takes off further. Otherwise today’s gaps could get filled sooner than you think. -MD

For more on market volume, The TVO System, or how to trade options follow me on Twitter (@TradingLicks) and StockTwits!