Markets Open Lower Then challenge Yesterday's Highs

Opening Market Commentary For 01-30-2013 The premarkets were down a 'tad' mostly because they are tired after advancing continuously since the 10th of January. But the 8:30 economic numbers looked like the markets were weakened even further as they slipped a bit. After the markets opened down, as expected, they jumped back up slightly as the 'dippers' jumped in. Reverse ETF's fell severely in response to the changing averages and were were off to a another mixed, flat and choppy start. The markets, while flat, were back into the middle ranges of yesterday's numbers evidently trying to test yesterday's highs. While any further advancement is going to be met with fierce resistance it is not an impossible task. We have noted here several times that the 'tops' made several years ago have not been challenged and today's markets could still advance further. I feel that dipping your toes in now...