« Out Golfing Today | Archives | Heartbreakers »
Monday, November 17, 2008
Talking Points
Good morning. Premarket futures are pointing to a weak start as the market expresses its disappointment for world leaders at the G-20 meeting. Other than more talk and promises, nothing new was achieved.
Other talking points this morning include auto-parts markers pushing for aid, Goldman Chiefs give up their bonuses, Citigroup among others are expected to announce big job cuts this week, the empire manufacturing survey dropped more than forecast, and UPS won't forecast holiday-shipping volumes as it has in the past.
Premarket gainers: GNW, CMP, PSUN, GNTX, TWTC, FMCN, RGLD, MDTH, FMCN, LHCG, LVS, FNM, SID, MHLD, AMD, ETN, GM, NOK, CVD, DSX, SCHW, & CLNE.
Premarket losers: UTHR, APWR, HOV, RBS, MTL, FSYS, AEG, CSIQ, CLF, BIDU, CIT, LYG, UIS, OI, DELL, ING, AKAM, COF, CF, FWLT, NCC, GVA, TGT, FCX, WFR, GS, LOW, & BUCY.
This week's economic calendar is light and today is no exception with no major reports due in today's session. We do have options expiration on Friday and positive seasonal trends both this week and around Thanksgiving. Needless to say, holding Thursday's lows (S&P 820) will be the focus in any weakness today as well as Thursday's closing high (S&P 911) for short-term direction.
Let's go make it a profitable week!
Posted by Kirk at 9:30 AM in Premarket | Bookmark | Feeds | Link |
