New location and ticker symbol for Crystallex announced after yesterday's trading. Was actually showing on OTCBB Daily List at about 118pm et, yesterday afternoon. Yesterday, SP was up on Amex - there must have been a leak... j/k. CRYXF, which is supposed to only be temporary while appeal-appeal transpires, is up and running this morning. Technicals, not all that helpful when there is significant news (moving to OTC is a significant news event) still show downtrending. 60min showed OBV down and selling yesterday into the slightly up sp move. Be cautious as this move to OTC may likely make for some risky trading.
S&P and Dow broke a key support level. Seems the "Sell-in-May-and-Go-Away" crowd decided to wait until early June. Futures show a reasonably good day in store, but players are nervous. Overnight, Asia mixed and Europe up. Saudi Arabia is increasing oil production to try and lower price. Greece still in the news with IMF considering extending loan terms whihc probably will not help. Still some political unrest in several middle east areas. Uncle Ben to chat it up this afternoon just before Market close. Technicals show S&P 14 Day MA crossed below 50 Day MA which is Bearish. Next support may be 1250-1260'ish for S&P. Market is going through some interesting times and is seeking to find itself. Could be a mild correction or something much more painful, so protect yourself.
Gold dumped yesterday just before close of NYMEX. Overnight, showed some interest in Hong Kong, then some selling mid-way through London trading. Gold and Silver showing upside before market open, while Copper is down. Reminder that Gold Mining Company Stocks, especially juniors, do not necessarily run with gold price when Market conditions are volatile.
Hang in there.
