On NYSE/AMEX: About half way through the lunch hour and KRY sp down a couple of pennies. Volume is 340k+ and seems trading interest has slowed since the beginning of the year. Uptrend of last several days. However, today is a downtrend. To continue the uptrend the sp needs to stay above 0.2300. MA50 still trending up and slightly above 0.17. MA200 (next goal) is at about 0.655 and in continued downtrend.
Gold down overnight as HK, for the most part, sold off. Buying spike on open of NYMEX and again on open of NYSE. Despite the NYMEX/NYSE spikes, Gold stocks seem to be feeling the pain. Could be continued panic buying of gold over the Stimulaus Package that has been contantly in the news.
Dow down about 30 at 7970, up from a 7880 low. The sub-8k pop did not happen. Yet. 15min techs looking Bullish and trend has made a higher low and working on making a higher high. Today Dow may recover. However, today there was a new low-low, so overall downtrend from beginning of the year will likely continue.
Seems there was some excitement on the pop in Toronto with a 10% move. Looks like that is pretty moch gone at this time. May have been the MM system used there, which is a bit different than NYSE system.