Markets Melt Upwards In Another Lackluster Session
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January 16, 2013 - 12:07pm
Midday Market Commentary For 01-16-2013
Heading into the midday part of today's session it is beginning to look just like yesterday's lackluster session. The SP500 has melted up this morning, on low volume, with in a half point of matching yesterdays highs. It remains to be seen if it will rise further in the afternoon. It was at this point yesterday were the averages faltered with a small bear trap only to rise later in the session.
The Markets today remain mixed and flat, but mostly in the green as the HFT computers slowly melt the averages upward.
I know that 'reasonable' expectations from Mr. Market are not the norm in today's lexicon, but if I were to do some prognostications I would say the markets would turn down and try for the gold ring later in the week.
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