Markets Open Flat, Low Volume And Directionless

Opening Market Commentary For 12-27-2012 Premarket was up from yesterday's close, but below yesterday's midday high. In other words nothing has changed. I do not expect today or tomorrow to be anything more than what we have already seen this week and will only make one post today as I enjoy the afternoon with my family. Market opened flat as a pancake with a bearish slant which is to be expected along with HFT algo interference. Red volume is anemic of course as traders continue to sit back and wait for any fiscal cliff news. By 10 am the markets have distinct bearish slant after Senator REID SAYS `IT LOOKS LIKE' U.S. WILL GO OVER FISCAL CLIFF! But will they drop further remains to be seen. Read more »Original post blogged on b2evolution.