TVO Market Barometer 11/22/16

tvo-mb-11-22-16

Since the election the market has pulled out all the stops. And now that the rare bullish “America First” pattern on SPY has fully completed, it’s looking to many folks that there’s no stopping it now…

Well according to TVO (our volume oscillator), in the tradition of engorging oneself at a holiday meal, it may just be a little too much too soon. The oscillator values have quickly risen above 0, which shifted our general investment strategy to “buy”, but now at +2.6 it’s likely we may already push ahead over +3.0 in the next few days. That event, along with the fact that distribution has been virtually non-existent since the beginning of November, is a sure warning that there could soon be some tasty leftovers for the bears to sink their teeth into. -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.