Monday Morning Coffee with TradingMarkets

Good Morning!

Major Markets Begin Week Overbought Above 200-Day … SPY PowerRating Slides to “Consider Avoiding” Territory … Overbought ETFs Include Oil, Financials, Regional Banks … Earnings on Deck for Today: GLW, AET, VZ, AMGN, TSN …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • Corning
    (
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    is expected to report second quarter EPS of 30 cents before the bell Monday morning.

  • 60 cents per share is the earnings forecast figure for Honeywell
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    , scheduled to report prior to trading on Monday.

  • Chicken king Tyson Foods
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    is expected to report EPS of 18 cents pre-open Monday morning for its second quarter.

  • XL Capital
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    announces its second quarter earnings after the close on Monday with a predicted number of 67 cents per share.

  • Microsoft
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    missed earnings estimates, but is making significant progress in settling the European Unions antitrust suit.

  • Monday’s highlight occurs after the bell when Amgen
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    reveals its second quarter results with an expected EPS of $1.15.

  • Internet travel company, Travelzoo
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    , is forecast to announce EPS of 2 cents prior to the opening bell on Monday.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Rigel Pharmaceuticals RIGL 10
Gamco Investors GBL 9
TerreStar Corporation 8
Loral Space and Communications LORL 8
Hornbeck Offshore Services HOS 8

View More Stocks

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TradingMarkets Making Great Traders

TradingMarkets

Here’s the final part of Charles Kirk’s interview with Larry Connors. Those who have come to get to know Larry and his approach to high probability trading will find much in this conversation to appreciate and learn from.


Big Saturday Interview with Mebane Faber, author of The Ivy Portfolio, Part 2
TradingMarkets

In Part 2 our conversation with Mebane Faber, we take a look at the effectiveness of even simple market timing strategies that investors can use to help preserve the gains their investments have made.


3 Important Indicators to Navigate Any Market Environment
TradingMarkets

TradingMarkets contributor Katie Stockton provides a template that includes three technical indicators to help traders navigate trending and/or non-trending markets.

TradingMarkets 7 ETFs You Need to Know for Today


Health Care ETFs Enter Overbought Territory Above 200-Day, Pullbacks in Bond ETFs Continue
TradingMarkets

Pressing higher for a second day were health care ETFs such as the iShares Dow Jones U.S. Health Care Index ETF and the Health Care Select Sector SPDR ETF.

Click here to sign up for Larry Connors’ Trading Lesson of the Day.