Averages Open Up Remain Weak On Low Volume

Opening Market Commentary For 03-03-2012 First day back from 10 day's of vacation and I can report I like being on vacation better than going to work. <grin> I did watch some of the averages sneak up last week and tickle the bottom of the 50 DMA while others couldn't make up their minds what to do when they passed that mark. While I was expecting the markets to rise somewhat, I did not foresee the degree in which they climbed. Way to much in a short period of time, watch out for a sudden reversal coming your way soon. Helping the markets opened up higher this morning was the medium importance of the US market PMI Final for November coming in at 52.8 versus 52.1 the analysts expected but up from the 52.4 in October. On thin volume the averages skated along a thin trading zone for the first 30 minutes as investors remain skittish on resolving 'fiscal cliff' hopes. The important 10 a...