TVO Market Barometer 1/15/16

TVO MB 1-15-16b

It’s been said that there’s no better technical indicator about market direction than the “concerned text from a family member.” So if a true contrarian goes long because one relative is in a 401k panic about the market tanking, when two or more kinfolk follow suit… well, you get the idea. The HG was sweltering once again on Friday, so we’ll be adding to our short-term swing from last Thursday. -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!