Holiday Market Flat, Lackluster And Directionless
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December 26, 2012 - 10:23am
Opening Market Commentary For 12-26-2012
Premarkets were up at one point but not higher than Monday's high. As on Monday, there will be only one market commentary today. If anything happens worthwhile, I will report it here. The falling home prices news reported this morning had little effect on the markets and there wasn't much else for the markets to reflect on. I expect today's markets to trade in a tight range, mostly down, with anemic volume. We will probably see the HFT algo computers active, but that is about the extent of today's market action.
The markets opened flat with a negative slant and by 10:15 it appears were going to see another Monday's action.
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