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Market Commentary: Markets Open In The Green And Then Fall Into The Red Over -0.5% On Falling Volume
Friday, January 9, 2015 9:26
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Written by Gary
Opening Market Commentary For 01-09-2015
Premarkets up +0.1% primarily due to a good report on adding a quarter of a million new jobs in December. The markets open briefly in the green and then started falling first pausing in the unchanged zone. Selloff volume was high as oil remained steady and the US dollar began to creep down.
By 10 am the averages had retracted fractionally from their lows and then were melting back down on falling volume. You were warned yesterday about a possible bear eating bull.
Source: http://econintersect.com/b2evolution/blog5.php/2015/01/09/market-commentary-markets-open-in-the-green-and-then-fall-into-the-red-over-0-5-on-falling-volume
