On AMEX - KRY sp seemingly stable. Maybe today volume gets back to "normal" of around 650k'ish and hopefully below 1M. As noted previously, News always trumps the charts, so KRY charts are still skewed and very, very Bearish. SP does not seem to be doing the typical bounce and then continue fading thing after the Bearish news. But, experience has shown that news with this seems to take a few days to take effect. A company guidance PR would be nice,and could be reason for the stability, but this may or may not be forthcoming. If considering a new or additional position, strongly suggest to be extremely cautious. Trust - But, Verify.
S&P was down yesterday and Dow was up. But, this Market is still in Bull mode with the dips and spikes being strongly news driven. Cisco missed yesterday while Disney helped the Dow. There still is the looming real estate "shadow inventory" of the banks. Talk of inflation. Still lots of choices out there. Be diversified and do all DD on any stock play you choose.
Gold taking a hit overnight since about midnight eastern. GLD needs to bust through 136 to get back to Bullishness.
Opening bell about to happen...
