On NYSE - KRY sp still in the down side of the cycle. Little gap up to open and then settling back to just above the lower BB. Daily techs show more downside. KRY earnings, typically negative, in this Market environment may not be a good things as spec players have not been forgiving of anything negative. However, it appears the additional downside of any negative earnings may already be built in from the sp movement of the last few. Daily OBV fairly flat since the big pop and drop of July 7, and shows an ever-so-slight accumulation for yesterday and today. Still a bit to go in this down part of the cycle. Of course, some decent news would trump this down cycle.

S&P500 seeing additional downside. Today's Jobless claims another "surprise." This is kinda like the weather forecaster not looking out the window. I don't know about how it is in your neck of the woods, but in mine there is lots of commercial property available and houses for sale everywhere. Sure there is spending, but probably because of folks strategically defaulting on their home payments and spending it on goodies. Anyway, techs turned and now in Bear mode despite the gap up to open which may have been the DCB. Mixed out there with some sectors up such as Miners, Telcos, and NatGas. Seeing good in some High Yielders. Diversification is always a good thing.

Gold getting a bump on Goldman Sachs giving a $1300 target. Ya think GS might have a stake in some of the yella stuff?

Hope everyone is having a good week...