Friday Morning Coffee with TradingMarkets

Good Morning!

U.S. Markets Sell-Off After Two-Day Oversold Bounce … Financials, Materials, Energies Lead Stocks into Pullback … Top Stock PowerRatings Stocks for Friday Include: AMSC, MEI, MFW …VIX Reverses, Charges Back Up Toward 10-Day Moving Average on Selling … Top ETF PowerRatings Funds for Today Include: SMH, EWM, XLF …

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from

  • ^TSN^ reports before the open with a forecast EPS of 18 cents.
  • Paper company, ^WY^, announces pre-open with analysts awaiting a loss of 39 cents.

  • An even 50 cents is forecast for ^SUR^ prior to the open.
  • Standard & Poor’s cut billionaire investor, Warren Buffett’s ^BRKA^ of its final “AAA” credit rating.
  • 29 class action law suits have been filed against ^TM^ due to unintended acceleration issues.
  • Ratings of airlines, ^CAL^ & ^DAL^ were cut to “neutral” by JP Morgan Chase.

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

TradingMarkets 5 PowerRatings Stocks for Today

Symbol PowerRatings
Credit Acceptance Corporation CACC 9
Navios Maritime Holdings Inc. NM 9
Kirkland’s Inc. KIRK 9
Salix Pharmaceuticals SLXP 9
Atlantic Tele-Network ATNI 9
View More Stocks

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TradingMarkets Making Great Traders

Connors: 3 Signs You Are Overtrading

One of the common themes of successful traders is that they are patient and wait for good trades to occur. But what of the traders who find it difficult to be patient? The danger here is overtrading.

TradingMarkets Most Overbought and Oversold ETFs for Friday

The following ETFs are the most overbought and oversold for Friday, February 5, 2010 and are due for a short term reversal. Among them is the ProShares UltraShort Financials ETF, SKF.

Trading Asia: More ETF PowerRatings Strategies for Short Term Traders

There are still a few funds that remain potential opportunities for high probability traders and a number of country ETFs in general – and Asian country exchange-traded funds in specific – are among them.

TradingMarkets 7 ETFs You Need to Know for Today

Financials, Basic Materials Lead ETF Markets Back to Oversold TerritoryTradingMarkets

Sellers drove markets across the board lower on Thursday, sending a variety of exchange-traded funds (ETFs) back into oversold territory. Among the bigger pullbacks were those in the financial sector, such as the drop of more than 11% in the Direxion Daily Financial Bull 3x Shares ETF, FAS.< /p>

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