Markets Melt Up Off Session Lows, But Not Convinced
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December 21, 2012 - 4:23pm
Closing Market Commentary For 12-21-2012
Markets tested the morning lows and melted back up, close anyway, to the session's highs. Then towards the close, gave a half-hearten one-finger salute to the politicians in Washington at the close.
The majors closed at or above the 100 DMA which is bullish, but failed to rally back solidly and that is bearish. I suspect we will see more melting down by Monday morning, but then, I wouldn't count on it.
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