Market Closed To New Highs Again
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January 25, 2013 - 4:21pm
Closing Market Commentary For 01-25-2013
Markets melted up the entire session with mini-bear traps thrown in for good measure to catch anyone not paying attention. After calling around to my colleagues to see who is buying or selling I find that they are sitting on their hands like I am. Mostly lighting their portfolios to 'catch' the next dip which 'everyone' is certain to happen sooner than later seems to be the trend.
With the Q4 earnings coming in far worse than anyone suspected the HFT computers keep melting up the markets.
Read more »Original post blogged on b2evolution.
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