Market update: Market up but Volume declines for consecutive days

As you can see in the chart above, the Dow 6 month chart shows that while prices have been going up, the Volume has steadily declined for each of the past 4 days. While I know that a market going up is some comfort to those who were scared last week, it is important to realize that a rising market on lower volume is a very bearish sign.

The second chart is a 1 year chart of the Dow and it shows that we remain below the previous support level and therefore the bearish setback is still present. I am using the rise to buy more TZA Call Options and to sell some stocks to raise cash.