Need Help?  

1-888-998-3548 or 646-214-7240

Trading Opportunities Should Abound in December

John Darsie and Marc Sperling
Nov 30, 2012, 5:30 PM

We talked this morning about the need for rest in this market to close out what has been a volatile November, and that's exactly what we got. The major US indices finished mixed, but all closed within 0.1% of the flat line. The fiscal cliff negotiations between Republicans and Democrats continue to dominate the headlines, but over the last two days the market has been able to shrug off pessimistic comments.


President Barack Obama and House Speaker John Boehner continue to act as the principal public voices for their respective parties. President Obama remains hopeful that enough Republicans will break rank to pass his budget proposal, while Speaker Boehner says Republicans are only willing to compromise if the Democrats agree to spending cuts. Earlier in the week the market sold off when Senate Majority Leader Harry Reid stated he saw little progress in the budget talks, but it appears the market is starting to develop a thicker skin.


The financials showed relative weakness today, with Citigroup (NYSE:C) the weakest of the bunch, dropping 1.8%. Weakness in the financial sector, which has been most sensitive to the fiscal cliff talks, is perhaps evidence that there is still pent up anxiety over the budget debate.


Apple (NASDAQ:AAPL) continues to build a lower range below its 200-day, which will be a major hurdle for the stock to overcome in December. If AAPL can continue to bounce, it would be a major help to the broader market.


Facebook (NASDAQ:FB) continues its impressive rally that started the day the IPO lock-up expired for 800 million shares (35% of the float). Many pundits believe Facebook stock would drop when such a large wave of supply hit the open market, but it appears insiders are not eager to sell their stock. FB has been in a steep uptrend since that day (November 14th), and has fully filled the large earnings gap from late July.


December should bring more volatility as the fiscal cliff situation plays out, and we will measure the composure of this rally at each step of the way. If you are trading the market, make sure to take our Free Online Trading Course to gain valuable technical insights that you will be able to use right away.



*DISCLOSURES: Marc Sperling is long FB, SPY, AOL, FSLR, ZNGA calls, ZNGA, ANTH, S, AOL, FSLR calls, XHB, JAZZ, FSLR calls, AIG, FB calls, RIMM calls, PCYC, BIDU calls, AAPL calls, SHOS.

Last Updated ( Friday, 30 November 2012 18:04 )
© 2012 T3 Live, LLC
  1. T3 LIVE, LLC is NOT a Broker Dealer. T3 LIVE, LLC engages in trader education and training. T3 LIVE, LLC offers a number of products and services, both electronically (over the internet through and in person. Through T3 TV, an online video network that is available through, T3 LIVE, LLC provides LIVE pre/post market and stock analysis. Through, T3 LIVE, LLC offers the "Virtual Trading Floor", a community through which independent traders (subscribers), as well as select T3 Trading Group, LLC Traders, observe a virtual trading floor environment (as described below) for educational purposes. T3 LIVE, LLC also offers web-based, interactive training courses on demand.
  2. Subscribers are able to see if traders are long or short and what symbols as part of best practices in regards to disclosure. Subscribers do not see trader' screens, trades or size of positions. T3 requires traders to disclose whether they are long or short and which stocks they are trading to ensure that the community is fully informed and that traders substantiate their opinions. This approach is modeled after the analyst disclosures that accompany commentary on particular stocks on CNBC or other financial news media (as per FINRA Rules 2210 and 2711).
  3. The seminars given by T3 LIVE, LLC are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
  4. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE, LLC or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
  5. The videos and blogs shown on T3 LIVE, LLC are for informational purposes only. The investment ideas and expressions of opinion may contain forward looking statements and should not be viewed as recommendations, personal investment advice or considered an offer to buy or sell securities. T3 LIVE, LLC statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio.
  6. T3 LIVE, LLC and T3 Trading Group, LLC are separate, but affiliated companies.
  7. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange (CBSX All trading conducted by contributors on Virtual Trading Floor is done through T3 Trading Group, LLC. For more information on T3 Trading Group, LLC please visit
  8. Global Trading Plus, LP (“GTP”) is the exclusive provider of T3 LIVE, LLC products in Europe, all the former Soviet Republics (dating back to 1991), and Israel. GTP is a separate company and has no common ownership with T3 LIVE, LLC, T3 Trading Group, LLC.