Been a while, but let's see if it is like riding a bike...

KRY sp seeing a bit of profit taking each day since the big early April pop. Daily Stoch and Mac are not looking so good and in Bear mode. However, the OBV has an ever so slight uptrend since Cinco de Mayo. Hmmmm... Maybe Carlos Slim is getting in. j/k... Currently making a lower-low, but seeming to hold the line at 0.3800 (0.3801 was previous low). Volume just a bit less than 750k at this time.

S&P still seeing pain. There seems to have been a need for a correction for a while. Greece? A good excuse about the Market downside, but not so sure - but then again we all have opinions. And what is with this story yesterday of a Citi trader hitting the "b" key instead of the "m" key? Actually, have not been paying attention to the Market all that much for a while, but the pain may continue until that Bill to spank the banks makes it through the red tape. The bill is just something to make it look like Gov't is doing something, and may not be as bad as rumored. Housing Option-ARM's and Alt-A's still loom and could play havoc with the Market much more in the future.

Gold back to running with the Market. Yesterday saw Gold actually do what Gold should do, that is go up when the Market is in turmoil. Gold running with the Market today makes no sense. Running about 1200 before the lunch hour, with a little run-up, so maybe the Big Boys are doing something.

Well, back to goofing off on a California Furlough Friday (supposed to end by this fiscal year). Got my 68 Cyclone (fixer, but moves on its own) home the other day and looking to picking up another acquisition (69 390 Cougar convert, no engine) this weekend or next.

Hope everyone has a nice Friday and a Great Weekend.