The November unemployment report was bad on Friday, but declining oil prices and mortgage rates could be the stimulus that the economy needs.   What do the professional traders of TraderInsight.com think?

Here’s the list of 13 stocks our professional traders will be watching this week:

Axis Capital holdings (AXS), Beazer (BZH), Centex (CTX), Horton (DHI), Lennar (LEN), Pulte (PHM), Apache (APA), Anadarko Petroleum (APC), BJ Services (BJS), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ASX), Kinross Gold (KGC).

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For three days only, new customers can join Adrian Manz's Around the Horn Intraday Trading Plan for only $19.50.  That's 90% off the $195 monthly membership rate.  But hurry, this special offer expires on Monday, December 8, 2008.  Use the special PROMOTION CODE "baseball" upon checkout.

Click here to join or call 877-624-5350.

The regular price of the Around the Horn Intraday Trading Plan is only $195 per month. Memberships automatically renew at the rate of $195 per month for the duration of your membership on the anniversary date of your membership. To cancel your membership and subsequent subscription charges, call 877-624-5350 or simply email support@traderinsight.com.  Use the special PROMOTION CODE "baseball" upon checkout.

Click here to join or call 877-624-5350.

Adrian Manz, Stock Day Trader

The economic data released on Friday was nothing short of horrible, yet the markets managed to put in a 3% gain late in the session.  The Financials led the way higher after Hartford (HIG) surprised on the upside, and the close for the day indicates a strong technical signal for additional upside.  HIG left what I call a Line Drive setup on the daily chart on Friday, and I will watch for continuation entry possibilities on Monday and Tuesday.  Axis Capital holdings (AXS), also in the Financials, is a Fast Ball expansion of range and volume candidate for Monday and will also be on my long-side radar.   On a related note, the battered Homebuilders showed signs of an interim bottom last week, and the relief being offered by the Fed in terms of lower interest rates seems to be pushing the stocks of Beazer (BZH), Centex (CTX), Horton (DHI), Lennar (LEN) and Pulte (PHM).  I will have each of these on my watch list for potential upside opportunities over the next 5 to 10 trading sessions.

The weakness in oil continued, with a $2.86 move lower leading to a settlement of $40.81 a barrel.  That unwinds price all the way back to December 10, 2004, and is reflective of falling demand even in the presence of falling price.  I do not trade commodities directly, but the oil service companies are definitely going to be in the basket of trades I consider over the coming weeks.  Apache (APA), Anadarko Petroleum (APC), and BJ Services (BJS) will all be on the move this week, and I will look for opportunities to capitalize on the volatility in each.

Tom Incorvia, Stock Swing Trader

Even though the broader markets all ended the week in the negative column, there was a glimmer of hope.  As I mentioned over the last few columns, I was waiting for a few signs from the market before I start looking for a meaningful push.  Friday’s rally off bad news was one of the signs I was looking for.  The next sign will be follow-through to the upside with strong volume this week.  If the market could accomplish this, there may be sightings of a Santa Cause rally this year after all.

After last week’s release of the Jobs numbers, this week’s economic calendar seems quiet.  There may be some interest in Friday’s Producer Price Index and Retail Sales should attract most of the attention of traders.

One of the sectors that gained some support on Friday was the Gold Sector.  I will be watching several names in that area for some follow-through this week.  Specifically, I will be watching Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ASX) and Kinross Gold (KGC).
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For three days only, new customers can join Adrian Manz's Around the Horn Intraday Trading Plan for only $19.50.  That's 90% off the $195 monthly membership rate.  But hurry, this special offer expires on Monday, December 8, 2008.  Use the special PROMOTION CODE "baseball" upon checkout.

Click here to join or call 877-624-5350.

The regular price of the Around the Horn Intraday Trading Plan is only $195 per month. Memberships automatically renew at the rate of $195 per month for the duration of your membership on the anniversary date of your membership. To cancel your membership and subsequent subscription charges, call 877-624-5350 or simply email support@traderinsight.com.  Use the special PROMOTION CODE "baseball" upon checkout.

Click here to join or call 877-624-5350.

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Art Collins, Index Futures Trader

There seems to be a recent shift in market behavior.  The giant knee-jerk sell-offs off any negative news have ceased.  In fact, such bearish fundamentals have actually produced rallies of late.  Friday was the most recent example.  I'll maintain that ma-and-pa stock picker are not getting out of the woods so easily and the lows will be penetrated.  I'm just now thinking it won't happen right away.  We need to see more of a setup before resuming aggressive short selling.

The market should rally in the coming week, and Monday figures to start it off with a bang.  This is gut feel, which as I've often stated has been far less reliable than my technical work.  The indices are neutral for Monday.  Markets that give a definitive reading, on the other hand, are the bonds, and they're saying sell.  The recent up move has been over the top, if not outright parabolic.  Friday made a downside daily reversal.  The upside is not unlimited, as interest rates move inversely.  The problem is, no one has figured out exactly where that ultimate barrier would be.  Just be assured it exists and that longer term, the complex could be poised for a significant, and perhaps imminent, reversal off historic high levels.

Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.