Personally I have seen KRY do not so well on huge market up days. We feel left out but if you think about it logically it makes sense. KRY is waiting for one major event, the permit, and that event is not likely to happen today or even in the real short term.  Added to the mix today is that KRY released Q4 earnings that the average retail investor will see as negative because they don't do much of any DD.

So on a day like today, I can tie up capital in KRY, which is likely to go down today and even with a recover still not likely to go up much TODAY....OR I can put some money to work in the stocks that are in momentum.

Logically most will opt for the easy money figuring they won't miss anything with KRY and can even possibly get a better price later.  What is encouraging is that there does not seem to be much selling today despite the price drop, other than retail investors.  That to me looks positive and I will be curious to see if big money steps in this afternoon.