TVO Daily Market Barometer 3/16/16

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The Fed spoke on Wednesday and the algo fireworks went crazy, but what about the volume side of things? Well, the bulls managed a clear accumulation day at a level that basically counteracted the distribution of the previous session (almost to an exact inverse ratio). The volume, however, was not enough of the skyrocketing kind we’re used to seeing post-Fed, so the bulls still have their work cut out for them to fill the recent void. Meanwhile our oscillator continues to slide, so it still remains to be seen if the big institutions can establish more of a foothold in this stage of the rally. -MD

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