S&P 500 Snapshot: New Interim High - Signs of Exhaustion?

From dshort.com - Advisor Perspectives
January 16, 2013 - 4:45pm

Jan 16, 2013 Doug Short  Like yesterday, the S&P 500 fell at the open and hit its intraday low, off 0.32%, in the first 15 minutes of trading. The index zigzagged to a modest mid-afternoon intraday high, up 0.11%, before falling back into the red. The final hour of trading was a game of tag with the opening price. The index closed essentially flat, but in fact it set a new interim high, 0.02% above the previous interim high set yesterday.More...

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