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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

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Message: Today's Market

Today's Market

posted on Jan 15, 2010 10:47AM

On NYSE - KRY sp still seeing pressure in the normal down part of the buying and selling cycles. Daily, 60min, 15min technicals all not looking well. Volume a touch above 125k at this time. Several large Bid blocks at 0.3300'ish might limit today's downside.

S&P500 is seeing a bit of a sell off today before the Holiday weekend. JPM beats the numbers, but guidance is cautious (this may be a bank position opportunity if you dig into guidance details). Intel also beats estimates, but is down because of the Market and options expiring, so may be a tech opportunity. Russell2k indicating spec players are also taking profit, but in a much bigger way than the regular Market. This coming Monday is a Market Holiday in US, so maybe look forward to a Mutual Fund Tuesday. Lots of opportunity out there, but be picky and stay diversified.

Gold taking a hit as it is running with the Market. Big nose-dive at market open, but recovering somewhat and currently just under $1130.

Hope everyone has a good weekend.

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