Markets Open Down, Flat and Looking Tired
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January 18, 2013 - 10:45am
Opening Market Commentary For 01-18-2013
A bit late getting out the morning commentary as I was spending some time looking at the technicals hoping for some sort of clairvoyance into this market. The story is the same. We are entering a zone of strong resistance and that was again reflected in today's lackluster opening. Not enough steam to move the train through the markets muddy waters.
The markets opened down but flat and some profit taking. By 10:30 Mr. Market, like many investors, seemed cautious about doing anything except slide sideways.
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