Markets Close Mixed Flat And Lackluster
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January 16, 2013 - 4:24pm
Closing Market Commentary For 01-16-2013
Markets closed in a similar fashion to yesterday's close. In fact the entire session looked just like yesterday. The SP500 squeezed out a new high by 0.63 but backed off.
SPY experienced a relatively strong sell off at the close under relatively heavy volume. I still thing we are going to have at least one blowout day to mark the top and then a decline. Just wish I knew how much - 5.5% maybe?
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