Market Trends

The Dow is slightly up for the second day in a row, taking baby steps to retrace the nearly 160-point drop Monday morning. 

In other industry-related news, the Tribune Company (TRB:NYSE) is extending its effort into the first quarter of 2007 to sell off its separate assets. TRB's Chicago Cubs is expected to be worth at least $600 million! 

This restructuring means that TRB could better situate itself for either being sold as one whole conglomerate… or as separate interlocking parts.

This news comes on the heels of a rejection by Tribune to a Baltimore businessman who wanted to purchase the Baltimore Sun separately from the company.

As I've stated for a while, TRB and the New York Times Company (NYT:NYSE) both offer incredible prices for investing in the resurgence of the print industry with the help of new investors and the online community. 

TRB's stock is up 14.55% since May, and NYT is up 7.4% since August.

Trading Tactics

Good thing Ann and I took profits on our RTH puts in WaveStrength Trader. 

This morning, the volatile retail sector is getting a lift thanks to high-end names like Tiffany & Company (TIF:NYSE) and Saks Inc. (SKS:NYSE). 

Each stock is up 5.9% and 1.81% respectively after reporting “robust” third quarter earnings, which is driving the whole sector to the upside.

Also moving up is our play on the TTH, so maintain your calls for more upside.

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