TVO Market Barometer 10/14/16

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If you’re ever nervous about being long just remember the old adage on Wall Street that goes, “If you don’t like the futures, wait a minute…” Or in this case wait overnight, because often by the morning everything can change. With that said, if you’re following TVO GI (General Investment Strategy), our Issues Oscillator (IO) is still “buy”, but last Thurday TVO went into “sell” mode, so Friday was a time to lighten your SPY long position. There was a sizable drop in overall volume last Friday and up/down volume was about equal according to HG. Compared to the previous session, however, advancing volume is on the rise, so the bears may also want to lighten their load a bit. -MD

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The indicator descriptions in the above graphic represent general market sentiment and are not the actual TVO System signals. To view today's active signals and options trades, please . Not a Member? Join us.