TVO Market Barometer 4/30/15

TVO MB 4-30-15b

Wall Street staged a dramatic finish in what turned out to be not such a bad month for SPY (+2 points or so). The bears finally turned up the heat pushing things south of the 50 day for the second time in April (but with a little less force than on 4/17), and those bulls seeking support in this market would be best to seek out the services of a qualified therapist. But we all know that levels were made to be broken and that the inevitable snap back will come, but it remains to be seen if we can pull it together before the rest of the big boys start selling in May. TVO is still positive and so is our long-term bullish volume outlook and we’re not going away anytime soon. -MD

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