TVO Market Barometer 6/30/15

TVO MB 6-30-15b

The month and the quarter came to a close today and bags were busily getting packed for the long weekend ahead (which for many starts tomorrow). Most bulls, however, it seems were already bathed in sunscreen, soaking up rays at their chosen destinations, making the bounce that could have been, from a volume perspective, a whole lot quieter. Our Heat Gauge at -1 shows that there was some notable buying interest, so if some of those big boy traders can fire up their iPads at beachside for a bit over the next 2 days, we may be able to get things rolling before the fireworks start. In lieu of that, then we may be looking at the Fed next week (forget the referendum… Puerto Rico anyone?) for when the real pyrotechnics begin. -MD

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