Today's Market
in response to
by
posted on
Nov 17, 2009 11:18AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
On NYSE - KRY sp gapped down and sold off a bit to open. The opposite need, outlined in the Before the Bell begging, did not come to pass :-( ...However, volume in the first hour was better than 2.75M, so there is interest even though it may look to be in selling / taking profit. Could be the lull before resuming (see second sentence in below paragraph) but there are no guarantees. Technicals see 15min bottoming and nearly converged, 60min is crossed to Bearish, and Daily still showing the Bullish after-effect of yesterdays super-pop with OBV non-supportive. Interestingly, the MA50 is now coming back around to recrossing, for the better, the MA200 and may do so in the next few days. Level II shows Bid for 70k at 0.36, and Ask for 155k+ at 0.43, of what we are allowed to see, and may be support and resistance at this time. Still plenty of trading day left.
S&P500 down today, about one-half of one percent, after yesterday's Mutual Fund Monday. Some profit taking is to be expected after each pop of the Market. Plus, the Market is very close to the upper BB so it is getting close to the normal cycling down. Overnight, the foreign markets, Hang Seng, Nikkei, FTSE, and DAX were down. Retailers reporting today may confirm yesterday's consumer confidence numbers which could give the Market a boost. Most of rest of market is down, so there may be a good pick or two out there but be careful and stay diversified. Green may be back in as FSLR showing some strongly Bullish technicals.
Gold fading overnight after yesterday's high bettering $1140, but seeing a bit of a bump at Market open. Currently right about $1135.