WaveStrength Radar for November 28, 2006

Market Trends

As if the meaningless entertainment would end…

Now, Google Inc. (GOOG:NASDAQ) has struck a deal with Verizon Communications (VZ:NYSE) to make YouTube available for a $15 per month fee on Verizon’s Vcast service.

Now, you can have meaningless entertainment almost anywhere!

In other technology related news, Nintendo Company (NTDOY.PK) announced that it moved 600,000 Wii video game console units in North America during the past week, selling double the amount of Xbox 360s that Microsoft Corp. (MSFT:NASDAQ) sold during the entire launch month.

This contradicts retailers’ estimates that the Xbox 360 was the best selling video console over the past weekend.

Material Profits

Crude’s up about two bits this morning… along with every other type of energy fuel, including coal. As a result, our favorite energy stocks are also moving higher.

Peabody Energy Corp. (BTU:NYSE) is up more than $0.50.
ConocoPhillips (COP:NYSE) is up more than $1.10.
Energy Select Sector SPDR (XLE:AMEX) is up more than $0.80.
Chevron Corp. (CVX:NYSE) is up more than $1.00.

We’ll discuss the prospects for each in tonight’s Market Report.

Trading Tactics

Ann and I put the finishing touches on a nice little 2-day winner this morning, as we used the weakness in the retail sector to book a 24% gain playing put options on the Retail HOLDRs (RTH:AMEX). Congrats to all the WS Traders who profited off this play!

In other news, pay special attention to today's TFN Chart of the Day. As you know, our Taipan Financial Network is now sending out daily charts that you need to be apprised of each and every trading day. As you know, we're in the midst of a raging bull market in publicly-traded exchanges, but the name I'm about to reveal has been overshadowed. I prepared today's chart of the day which I'm calling “The Forgotten Exchange.” Don't miss it!

Please note that all quoted currencies are in United States dollars, unless specifically stated otherwise.

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