Stock Trading Pt1

Daily Stock Report for Monday Morning, November 30

, 2009 pt1

The US stock market opened down 1.5% after being down close to 3% during premarket hours on Thursday night on the news that Dubai may default on debt payments.

There was substantial buying that kicked in the first 15 minutes that lasted for the first hour and erased most of the losses at one point but toward the last hour of the short session, stocks settled mostly toward the low of the Friday session.

The Asian markets took the big losses of up to 4.8% and other global markets lost as high as 9% for the Russian market. After the analysts gave their assessments of what a Dubai default could mean, US stocks started rallying from the overblown reaction.

Markets or individual stocks dont react to the same news twice to the same degree and the Dubai news is a version to a lesser extent we saw a year ago that threatened to take down the financial system in late 2008.

But it has been a year since then and the market has moved up over 60% in the last 8 months so there is nervousness as to when and how much the market may pull back. We are starting to see some troubling signs of weakness in the small cap stocks.

Mitch King

www.TradeStocksAmerica.com

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Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

by: Mitch King

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