Posted on

Will the bears finally get their Michael Burry moment? – TVO MB 2-22

It’s getting hard to believe, but almost 2 months after the December low, markets are still accumulating.

It seems like many bears out have either stopped believing a long time ago, or they’re stubbornly waiting for a “Michael Burry moment” to bring them redemption. Well, they better have some drums or some other distraction standing by, because it doesn’t look like that moment is coming anytime soon.

TVO has changed course and is now rising once again. The accumulation phase, which was thought to be winding down, may actually be getting a second wind.

Friday was another day below zero on the Heat Gauge. It’s been a very long time since I’ve seen this many CHILLY days without at least a break in the action (other than last Thursday’s dip that really wasn’t a dip).

But this will all come crashing down after we hit SPY 280, right? Everyone is expecting it, so a pull back is quite inevitable, but be aware, as far as volume, the strength of the market is quite legendary at this point. And beating it down will only make it come back stronger. -MD

Sentiment: HUNGRY – Markets are accumulating at an accelerated rate and big institutional buying is heavy and aggressive.

Volume: 4% – Today’s volume was higher than the previous session.

Real Feel: CHILLY – Bulls were in control of the session with substantial selling under the surface.

Cycle: BULLISH III – Retail investors have bitten off way more than they can chew.

Portfolio: HEDGE – The market is over saturated and long-term investments warrant some protection.

Next Day Move: SIDEWAYS - The probability that SPY will close positive in the next session is 53%.

Want to read more? Join our list. It's free.

For the full rundown on today's active signals and options trades, please log in. Not a Member? Join us today.

To view past positions check out our Trade History.

To find out what the indicators mean, visit our Market Volume Volume Barometer.

To learn more about market volume and how we trade, find us on Twitter (@TradingLicks) and StockTwits!

The indicator descriptions in the above graphic represent general market sentiment. The actual TVO System signals and trades are listed below in the Members Area. To view, please . Not a Member? Join us.