Good Tuesday Morning...
KRY Technicals indicate a bounce since the MOC PR. Bounce was likely cost averaging and spec players seeing a good deal, as is typical when a stock gets hammered. SP has been following 14DMA, which is now trending flat. OBV following sp, Stoch Bearish, and Mac flat, Volume settling back to pre-PR.
S&P ignoring Libya and off to a good start, along with the Dow opening up. US froze $30B in Libyan Gov't assets. Later today, (10am eastern) Uncle Ben (am liking this guy) will discuss monetary policy and the economy before the Senate Banking Committee. ISM also expected to report good manufacturing numbers at about this time. Commerce Dept to release constuction spending numbers, too (might not be so good). Over night, Hong Kond, Nikkei, FTSE, and DAX all were up. Looks like a good day in the making. Be cautious, stay diversified.
Gold on an upswing. GLD technicals need to break through 139 sp to really take off. Got a pretty good upswing from the boys in London overnight. Riding that upper BB, so may see profit taking.
Seen all of the infighting here. Have to go back to a GW post, and paraphrasing what RM said that anything other than arbitration is pure speculation.
Best to all in this play.
