On AMEX - KRY sp hanging well despite all of the turmoil around the world. Technicals are all Bearish with OBV especially showing selling. Yesterday's volume up considerably. Might see moredownside because of all the bad things happening, not with the stock proper, but in the world.
S&P futures showing downside a comin'. Sounded all doom and gloom yesterday, but there have been some market shaking things happening. Latest is the quake in Japan (I have friends and some relatives there) and the tsunami that followed. Unrest continues in Libya and the Saudi situation may get worse. The Bearishness in the market may only last a few days, but the selling was brutal yesterday and could get worse. The Market gets that way on occasion and riding it out and taking the pain may not be for everyone. Usually the spec plays get sold off first along with the higher priced stocks to get cash. Technicals are bad everywhere and once a trend starts it seldom turns around on a dime. Don't give your profits back. Be aware.
Gold also sold off yesterday. Kinda looking good in pre-Market, but might be cost averagers and bargain hunters getting back in too soon. Or, gold might be the way to play all of the turmoil. Be careful.
