Schaeffer's Daily Market Blog Features: Chevron, Intel, New York Times, Penn National Gambling, and Harrah's Entertainment.

CINCINNATI -- Among the stocks featured in the November 29 edition of Schaeffer's Market Blog are Chevron (NYSE:CVX), Intel (NASDAQ:INTC), New York Times (NYSE:NYT), Penn National Gambling (NASDAQ:PENN), and Harrah's Entertainment (NYSE:HET). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&PAGE=1.

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2:57 PM Energy Up Again

We're having a nice day today, and it seems that Monday's bloodbath is almost forgotten. Currently the Dow is up 67 points and the S&P 500 Index is up nearly 10 points; about 12 points from another new high. Energy is the huge winner today, as the Oil Service Holders Trust is up more than three percent. Crude is up more than a buck to $62.00 per barrel thanks to a bullish inventory report this morning. Looking at a few names, Chevron (NYSE:CVX) is up over two percent to $71.48 and Holly (HOC) is up over five percent - both are relative strength leaders. In fact, just today CVX hit targets in our Power Stocks program, as we held the stock for more than 16 months and made about 28 percent on the trade, plus dividends. The next Power Stock pick will be released Friday, so if you are interested in a stock picking service - please be sure to stop by www.schaeffersresearch.com.

1:37 PM Intel Looking Quite Vulnerable

Yesterday Intel's (NASDAQ:INTC) heavy call option activity outpaced put option volume by a ratio of nearly five to one. Today's call volume is more than five times put volume. The stock is up slightly today, but it is well off its highs, and the shares look to be breaking down a bit technically. The rush of optimism amid the poor price action is a big warning sign in my mind.

10:29 AM Is NYT in Greenberg's Crosshairs?

According to The New York Post, former American International Group (AIG) chairman Maurice "Hank" Greenberg has started purchasing "huge blocks" of New York Times (NYSE:NYT) shares. According to the report, the purchases are being made in an attempt to break the Sulzberger family's control of NYT. A spokesman for Greenberg declined to discuss the specifics of the investment, but did tell the paper that Greenberg is "exploring several options with respect to media companies." Earlier, The New York Times reported that Greenberg was interested in buying The Tribune Co. or Dow Jones & Co.

Thanks to this speculation, NYT is more than six percent higher on the day. This jump has helped the stock retake its 10-day and 20-day moving averages; however, its steeply descending 10-month moving average has put a cap on today's gains.

9:56 AM Penn Gambling on Harrah's?

The Wall Street Journal reported that, according to people familiar with the matter, Penn National Gaming (NASDAQ:PENN) is in talks with Harrah's Entertainment (NYSE:HET) about making an offer for the gambling company. In October, private-equity firms Apollo Management and Texas Pacific Group upped their own bid for HET to $83.50 per share, or $15.5 billion in cash.

HET presents an intriguing play, as its technicals are strong and analyst rankings allow ample room for upgrades. Technically, the stock has consolidated along its 10-week moving average and the 75 level. Overhead resistance is in place at the 80 level, but let's see if support from the 10-week trendline can help the stock advance. Any upgrades from the analyst community could help push the stock higher as well. According to Zacks, eight of the 15 analysts following HET rate it a "hold."

For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13C&PAGE=1.

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method.