TVO Daily Market Barometer 3/22/16

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Tuesday was again a battle from a volume perspective that ended up another stalemate where both sides managed little or no progress. Under the hood SPY nearly missed logging a distribution day, while the Nasdaq came close to accumulation, but these divergences cancelled each other out and left overall volume across the board unchanged. In the wake of recent news, the market trudges on with seemingly no fear, which is in and of itself a scary thing. It’s a short week and the list of possible catalysts are few, but next week we have the distinction of job numbers, end-of-the-month and end-of-the-quarter all happening at the same time, so make sure you’re awake for that one. -MD

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