On NYSE - KRY sp still seeing downward pressure. Daily technicals are ugly, ugly, ugly. However, Daily OBV is flat. Currently sp lower than the big dive on Nov30, and lower than the MA200 which is lower than the MA50. Ok, enough of the bad tech info. 15min technicals have been making an effort to turn. And, although sp has suffered quite a bit, the 60min technicals are kinda-sorta coming around. Not a whole lotta Bullishness, but seems to be trying. Volume about 259k with about an hour left in trading.
S&P500 and Dow are up. Bad news seems to be everywhere from Banks getting govt fees and being broke up and made small enough to fail, to unemployment higher, to not-so-good housing numbers. Armageddon? No. Well, not just yet. Market may be somewhat stable in hopes of some good chat-up by Obama tonight.
Gold is correcting back after yesterday's after Market open run-up. Overnight, Hong Kong was buying to start off their session, but then got a bad taste and started to sell-off. London followed in HK's steps. Gold closed NYMEX earlier today at about $1085.
Lack of posts because have been busy. Funny how life gets in the way of doing fun things - like posting here. Hope everyone is doing well. Rains in California have subsided and we are starting to dry out. Furloughs end this June (at least that was the last rumor).