Hello to all the NAK Lurkers...

On NYSE - NAK sp gapped down but some cost averaging seems to be happening as sp is propped at this time. Daily technicals indicate down part of cycle has been in the works. 15min going to Bearishness and 60min already in the House of the Bear.

Dow continues Bullishness. Technicals indicate peaking, but we have seen this before from this energizer bunny. S&P is very close to 20 percent above MA200, so a correction could be coming in the near future. But, for today it is Bullishness. Currently the Market is mixed and showing some profit taking, Oil Down, NatGas up, Miners down, Banks mixed nd NASDAQ down.

Gold - Over night, after open of London it was looking like gold might take another run at a higher-high but got knocked down from a bit above $1015 to below $1010. Trying to come back but currently a little below $1010. Be aware that Daily technicals for GLD, which follows gold very closely, have peaked and appear to be going into a down part of the current cycle. Daily OBV for GLD shows selling.