Markets Creep Upwards Setting New Highs
From Econintersect Combined RSS Feed
January 29, 2013 - 4:41pm
Closing Market Commentary For 01-29-2013
Market continued to melt up during the afternoon portion of today's session but remained in a narrow trading range that can best be classified as flat. Most likely the HFT computers had a lot to do with the numbers action today and the best prognosis is to wait until tomorrow and see what Mr. market has in store. Most averages are into the resistance zone I have spoken about over the past week or so and advancing will only get tougher as they creep further upwards. It is time for the markets to take a rest.
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