A bit over half-way through the Trading Day . . .

On NYSE: KRY sp up about three percent at 0.3300. Volume low at 344k. Last three out of four trading days, including today, the Daily OBV has given no support. Also, Daily Stoch and Mac have been all Bear Claws. Despite the big move early last week, 0.3425 is the top Bollinger so technically it may be time for a cycle downward. Plus, unfortunately, there is the Hanging man candlestick showing at 0.3300 :-(

Dow is down about 140'ish and appears to be in profit taking mode. Uncle Ben talking about the stress test for next three days at some conference. Banks pretty much all down. Three banks (USB,COP,BBT) say they can pay back TARP money. Big Guys showing support for several banks before leaving for lunch and looking for confirmation in a little bit. Recess-Proofs all down except AIPC and PEP. Investors could be making bets on both sides of the table on the future economy. Might just be that everything is overbought and this is a necessary part of the cycle.

Gold trended down overnight to about $910, made a comeback to $914, and currently at about $912. Again, bets on the US economy future appear to be on both sides of the table.

Market still volatile, but today may show opportunity for a swinger trade. Be careful out there. Hope everyone's weekend was good.