The Kirk Report |
Posted: 15 Dec 2008 04:33 PM CST The market had little to work with: Silver and gold were today's upside movers with banks, homebuilders, real-estate, and oil stocks struggling. As we wait on the Fed and earnings from financials, I spent the day putting together the new home office and computer workstation. (So far, so good.) Frankly, an excellent way to spend time on an otherwise lackluster day for the tape. That said, I do have something for us to look forward to later this week. On Friday I will publish a Q&A with popular hedge fund manager, Jonathan Hoenig, who has been kind enough to share his experiences and thoughts with us. Frankly, a great way to finish off the year. Until then, it is going to be a fairly low key this week around here as I wrap up various odd jobs in order to get ready for 2009. |
Posted: 15 Dec 2008 08:30 AM CST
Premarket gainers: TLAB, SWKS, TBSI, DRYS, EGLE, GNK, EXM, CIEN, ACGY, EXEL, GM, F, HON, GE, STO, SLOW, GOLD, FSLR, GET, MF, CPE, TCK, & XL. Premarket losers: HUN, OCNF, RSTI, HSNI, AKRX, GDV, CDNS, GTE, NKTR, ABII, AAPL, DHI, & KBH. We have a relatively busy week for economic data with the NAHB Housing Market Index due at 1PM. As for the Fed meeting, expectations are high that we'll see as much as a 75 basis point cut tomorrow afternoon. Much like last week, the political-based market will continue with the focus on the latest moves by the government to repair the economy as well as earnings from financials. Technically, lows his on the 5th of December (S&P 820) and the highs hit last Monday (S&P 920) set the trading range and stops and trade triggers will be set accordingly with a positive bias overall as we trade the remaining days of 2008. Go make it a great week! |
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