Market Trends

The Dow Jones Industrial Average is down 83 points this morning, only 40 minutes into trading.

Additionally, the Dow Jones Transports are down on the day… and still have yet to hit a new lifetime high.

The strongest index so far is the Nasdaq-100 (QQQQ), which looks to have taken over as leader of the rally.

Trading Tactics

The media has dubbed today “Cyber Monday,” which is apparently the day that we all forget our jobs and spend the day surfing the Internet for Christmas gifts. 

With that backdrop, we're getting some mixed signals from the retail sector. Although the preliminary indications for weekend retail sales are dubbed as “good,” stocks are opening lower this morning thanks to Dow component Wal-Mart Stores Inc. (WMT:NYSE), which reported that weekend same-store sales in November fell 0.1%.

This is the first drop for the super retailer since 1996… 

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