TVO Market Barometer 12/3/15

TVO MB 12-3-15

Even if you slept in past noon you still would have been able to endure some of today’s market meltdown in real-time. But you would have also missed some of the buying as well. Buying? How so? On SPY even though declining volume trumped (no political pun intended) advancing, there was at least a 30% increase in advancing volume from Wednesday’s data, something you don’t usually see accompanying a sweltering (+71) HG reading. Oh, and yes this time we are going long for a short-term swing (with SPY options) at the open tomorrow. -MD

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