The surge in volume on Friday after the job numbers is no doubt working for the bulls, as big institutions continue their buy plan set firmly in place for the entire month of July. Monday’s overall volume sank, though, as markets digested the gains, but so far the August plan shows no signs of changing course at this point. TVO has been falling slow and steady, but still above zero in the bullish range. Those folks who think a bull trap is in play may want to consider one point from a volume perspective… markets are still accumulating and as long as the slow grind continues, there’s plenty of room at the top. -MDLogin. Not a Member? Join us.