TVO Market Barometer 12-21: Happy Holidays!!
Sentiment: ANXIOUS – Markets are in a distribution phase where big institutions are selling to reduce their exposure.
Volume: 38% – Today’s volume was higher than the previous session.
Real Feel: SCALDING – Bears dominated the session and buying was practically non-existent.
Cycle: X-OVERSOLD – Retail investors are running for the hills.
Portfolio: HOLD – The market is in a period of indecisiveness and the best place is on the sidelines.
Next Day Move: UP -Â The probability that SPY will close positive in the next session is 55%.
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