The Kirk Report

Feedback Posted: 06 Apr 2009 10:49 AM PDT I don't share member feedback very often (although most of what I receive is quite good), but I've decided to make an exception for this one: "I like what you do. Very helpful. I have been trading for only about 3 years and have been successful (even in the current market) for only about 10 months. I have tried out (ripped off by ?) many so called services and do not have a very good opinion of (any) of them. You are a very happy exception and I am very happy to be on your list. Value very much greater than the $50 you ask for. Thanks." - D. Mourer It's always a good way to start off the week by reading feedback like this.

Stress Testing The Rally Posted: 06 Apr 2009 05:47 AM PDT Good morning. Premarket futures are showing weakness and indicate a lower open. Bank stress testing this week along with open firing season for top executives with many more likely to come are in focus. The CBO also has significantly raised its estimate of how much TARP will cost taxpayers. Premarket gainers: SUMT, CNO, ALZ, CTIC, IRE, STP, YRCW, MGM, DNDN, CENX, CPHD, WYNN, STEC, CLNE, LYG, JOYG, RBS, MELA, YGE, SLM, REMD, ASH, LIZ, LVS, ALV, & CROX. Premarket losers: JAVA, MYGN, ARNA, LNC, GM, AU, LEN, ALKS, WX, FRE, EGO, PAAS, CS, RTP, AIB, RGLD, HMY, AUY, GG, FITB, DROOY, AAUK, FSLR, CSCO, SPWRA, & CELG. Fed Governor Kevin Warsh is due to speak on the financial market and economic developments and there are no earnings or economic reports due today making for an overall slow-news environment. Clearly, the market will be getting a stress test of its own as earnings season starts up especially since we enter this week in an overbought condition. Thursday morning's opening gap in the low 800s looks likely as a fill target over the next couple of days with key support again just over S&P 803.

You are subscribed to email updates from The Kirk Report To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Inbox too full? Subscribe to the feed version of The Kirk Report in a feed reader.
If you prefer to unsubscribe via postal mail, write to: The Kirk Report, c/o Google, 20 W Kinzie, Chicago IL USA 60610