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Friday, May 29, 2009

The Kirk Report

The Kirk Report
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Friday Mailbag

Posted: 29 May 2009 11:59 AM PDT

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It's nice to close out the week by answering a few pertinent questions. Topics I'll cover in today's mailbag include:
  • A Wait-And-See Attitude

  • Followup On Las Vegas Sands

  • Mutual Fund Modeling

  • Daytrading The Indexes

  • A Pullback Entry In Oil

  • Excel Add Ons For Trading & Investing

  • ETFs Trending Higher

  • The Low-Priced Stock Rally

  • Daily Winners & Losers To Watch

  • Which Moving Average To Use

  • My Trading Frequency

  • Portfolio Concentration & Diversification

  • Trading On Tilt

  • Setting Up A LLC

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Last Trading Day Of May

Posted: 29 May 2009 06:05 AM PDT

Good morning. On this last trading day of May, premarket futures are in positive territory.

Top stories this morning include the latest GDP, General Motors will file bankruptcy on Monday and the restructuring will cost taxpayers much more than expected, earnings from Dell and cautious comments from its CFO, rising mortgage rates, and continued worldwide strength in commodities.

Premarket gainers: STSI, OVTI, JCG, ODP, DPTR, BEXP, AAUK, HALO, RYAAY, CTIC, FCS, IOC, BZH, PMI, BEAT, ELNK, GOLD, ATPG, NOVL, LINE, RCL, HBC, GOLD, TOT, GFI, EXEL, SOL, CIEN, VNDA, ERIC, SLW, AUY, HMY, & GG.

Premarket losers: QSII, CPD, OCLS, MRVL, JMBA, ESL, MENT, RE, CTAS, AXYS, EDZ, WBS, GNBT, KRC, SMN, SEE, VISN, LVLT, & EEV.

At 9:45 we have the Chicago PMI and 10 minutes later the release of the University of Michigan Consumer Sentiment survey.

I suppose we'll all see soon enough if we get the "buy the bankruptcy news" trade finally in General Motors. Go make it a great day!

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