TVO Market Barometer 12/9/15

TVO MB 12-9-15

As you might suspect, today’s slip and slide action was accompanied by a significant boost in volume overall from Tuesday’s session. What you might not suspect is that the up/down volume ratio on SPY was evenly distributed right down the middle, so yes, Virginia, there are buyers out there. On the Nasdaq, however, down volume still weighs heavy with more distribution, which is the main reason that TVO continues to fall. Meanwhile, the HG is gradually cooling (now at +30, down from +70), so be on the watch for a sudden cold snap… it is still December after all. -MD

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