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Welcome back from Black Friday weekend, friends and fellow traders. Can you believe it's the first day of the last month of the year already? Time really does fly, huh? Anyway, our goal is finish the year strong, and for us this means equipping you to be the most profitable and well-armed trader you can be. Before we get to the meat of today's newsletter though, we've got some trading business to take care of.

Time to Do Something With JBLU

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Happy Black Friday, everybody! Did everyone brave the crowds this morning (or last night) and hit the malls in search of great deals? Or, are you like me and prefer to avoid the madness? Even if I hadn't been working today, I would have avoided the Black Friday shopping experience... as I usually do. I just don't have the patience. Besides, if I had been shopping, we wouldn't be able to bring you our thoughts on the amazing plunge in crude oil prices.

We're also going to give you a reality check on the state of corporate profits in the United States, as there's been some concern lately the only reason the S&P 500's earnings have looked so good has been because of all the stock buybacks. Our data may at least partially dispel that myth. First things first though - a look at the recent wild crude oil ride, and what's likely to be next.

Are Low Oil Prices Here to Stay?

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Howdy folks. How was your Tuesday? It was pretty lethargic for stocks as the Thanksgiving break approaches and traders head to the sidelines. Yet, we've still got lots to talk about. Let's just dive into it, beginning with a quick run-down of today's economic numbers. We'll let the charts do most of the talking.

Economic Update

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Welcome to the weekend, everyone. Against the odds, today stocks managed to renew the rally we all enjoyed during the latter half of October and early November. As of now, the S&P 500 is up 13% from its October 15th low, hitting new highs on news that both China and Europe were taking a dovish stance on their respective economies and vowing to put some stimulus in play. For the Euro-zone, that meant more asset purchases, but for China, it meant an interest rate cut. Both are positives.

The American market went hog wild, of course, buying stocks indiscriminately on nothing more than a mere reflex to good news. And, I suppose the "if-->then" premise of buying stocks because of global stimulus makes basic sense. I tell you what though... if there was ever a chance to fake investors out [as we discussed yesterday], this is it. In fact, it wasn't 30 minutes after the opening surge that we began to see hints a fairly important top was being made.

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Happy hump-day, friends and fellow traders. We've got some goods news, and then some bad news, and then some good news for you today.

The good news is, those of you who were lucky enough to sign up for our free stock-picking alert service a little over a week ago are truly starting to reap the benefits. One of the service's very first picks (delivered last Tuesday) is now up about 10%.

While the whole point of adding this new but separate feature to your free SCN membership was to streamline and pinpoint what you get from us, we're going to go ahead and let you know now that pick was Target (TGT). The company posted earnings yesterday and the stock jumped another 6% in the wake of the news, adding to the 4% or so it was already up since the Elite Opportunity service picked it a little over a week ago.