TVO Weekly Market Barometer 3/11/16

TVO MB 3-11-16

Friday’s run up into the 200 dma had the most up-volume we’ve seen since mid-February when this rally first got underway. At that time, TVO was hovering around zero and had plenty of room to run. In contrast now, the oscillator is well above +5.0 and has reversed direction, which has generated a sell/short signal. Our newly refined exit rules caused us to sell our SPY calls on Friday for 44% gain, and from the looks of the price action so far in Monday’s session, the exit was just in the nick of time. This is the second consecutive HG gain our members were able to benefit from since TVO Daily went live earlier this year, and we’re well on the way towards fully recovering from January’s setback. -MD

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

The indicator descriptions in the above graphic represent general market sentiment. The actual TVO System signals and trades are listed below in the Members Area. To view, please . Not a Member? Join us.