Markets Open Down On Low Volume
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December 28, 2012 - 9:44am
Opening Market Commentary For 12-28-2012
Premarkets were down as one might expect from all yesterday's after market political double-speak from the waring political parties in Washington. But they were only down to the mid point in yesterday's movements leaving a lot of room to move in either direction this morning.
I have a 10 am meeting this morning so the opening market commentary report will be published a bit earlier than usual.
The markets opened down with a bearish slant. The DOW was down 70, SP500 down 9 and the NASDAQ down 20. Indicators are pointing for an upwards correction, so be on your toes for bull and bear traps this morning. More when I get back.
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