The low volume rally (with the exception of one across-the-board accumulation day last Wednesday) finally took a breather on the current media scapegoat that’s flooding everyone’s timelines… Yes we all know that oil impacts the market (actually it always has some effect, be it high or low), but so do many other factors. At the end of the day the blame seems to be easiest to assign to the biggest headlines, so there you go.
Underneath all of that, though, we have the real pulse of the market which is volume, and today’s pullback may have been crude for the bulls (pun intended), but the move was light in the volume department for the bears. On the HeatThe buy and sell descriptions in the above graphic represent a general investment strategy and are not the actual TVO System signals. For the full rundown on today's active signals and options trades, please Login. Not a Member? Join us.