Monday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks End Week Modestly Higher … Asian Stocks Advance As Japan Corporate Mood Sinks … White House Considers Large Auto Plan … Madoff Scandal Spreads to Europe … Earnings for the Week Include: Goldman Sachs, General Mills, FedEx, Oracle, Research in Motion …

Click here to find out what traders are saying about Larry Connors’ new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!

TradingMarkets 7 Stocks You Need to Know for Monday

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

  • Despite the failure of the Senate to pass automaker assistance legislation, both General Motors
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    and Ford Motor Company
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    rallied over the course of the trading day on the possibility that TARP funds might be used to help the struggling car manufacturers.

  • Technology stocks led the markets on Friday with semiconductor stocks like KLA-Tencor Corporation
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    among the day’s better performers and up more than 6%. Meanwhile, former Intel
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    CEO Andrew Grove said in a Friday interview with the Wall Street Journal that Intel should begin developing batteries for plug-in electric cars to help diversify its operations.

  • Equitable Resources Inc.
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    , an oil and natural gas company, will replace Transocean Inc.
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    in the S&P 500. RIG is changing its incorporation to Switzerland and as such can no longer remain in the S&P 500 Index.

  • Bank of America
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    announced that it would eliminate up to 35,000 jobs over the next three years as part of its acquisition of Merrill Lynch.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
USA Mobility Inc. USMO 8
Questcor Pharmaceuticals QCOR 8
TrustCo Bank Corp TRST 7
ProShares UltraShort Semiconductor ETF SSG 7
Cubist Pharmaceuticals Inc. CBST 6

View More Stocks

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TradingMarkets Making Great Traders

Free Excerpt from Short Term Trading Strategies That Work
TradingMarkets

In this special excerpt from their new book, Short Term Trading Strategies That Work, Larry Connors and Cesar Alvarez share a chapter devoted to a strategy that short term traders can put to work immediately.


How to Build a Winning Trading Plan
TradingMarkets

The starting point of effective trading is the Trading Plan. Professional analyst John Forman discusses the basics to building a successful trading strategy.

7 ETFs You Need to Know for TodayTradingMarkets

After a two-day pullback, technology ETFs were among those moving higher on Friday. Some of the more widely traded technology exchange-traded funds include the Semiconductor HOLDRS and the Technology Select Sector SPDRS.

TradingMarkets Daily PowerRatings Analysis


Trend Lower, Stocks Higher? Three Pullbacks for Swing Traders
TradingMarkets

As markets move lower, the number of opportunities for stock traders grows. Here are three possibilities for the coming week.

Click here to get a peek at the new blog, Market Moods, by TradingMarkets Editor David Penn!

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