TVO Market Barometer 8/25/15

TVO MB 8-25-15b

Volume finally took a breather today (-18%) from what one could basically call a heat wave starting last Tuesday. Even though the Heat Gauge finished at a relatively warm +48, advancing volume showed a sharp increase from yesterday, so relief from the onslaught may finally be in sight. The crossbow has been drawn back about as far as it can go, but regardless of how far the arrow flies, there are some things to keep in mind. Conquering fear may be one of the most difficult tasks in trading (When markets are seemingly completely irrational, I recommend taking a vacation), but dealing with remorse over what you’ve done (or haven’t done) can often be a notch higher in the spectrum. As we move forward, many more opportunities lie ahead, both long and short. But none of that will ever come to pass if you don’t stay in the saddle… and always keep your eye on the bullseye. -MD

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