Friday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Advance as Energy Shares Lead … BAC CEO Lewis Testifies Before Congress … Asian Markets Rally … BlackRock to Become World’s Largest Money Manager … Most Overbought ETFs for Today Include: DIG, SRS, IYT, RSU, KBE ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Congressional leaders heard testimony on Thursday that merger between Bank of America
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PowerRating) and Merrill Lynch was a shotgun wedding induced by both the Fed chairman Ben Bernanke and former Treasury Secretary Henry Paulson. Shares of Bank of America were up more than 8% on the day. - Boeing
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PowerRating) lowered its long-term forecast for the airplane market. Both uncertainty surrounding fuel prices and the global economic slowdown were cited as major causes. Down 3%, the stock is increasingly oversold above its 200-day moving average. - New regulatory authority for the FDA to control tobacco products was granted by the Senate on Thursday. Meanwhile, shares of British American Tobacco
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PowerRating) were up more than 2% after pulling back earlier in the week. - With retailers reporting higher sales boosted by gains in gasoline sales, online retailer Amazon
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PowerRating) – which sells no gas – continues make inroads by way of third party sales. In other retail news, the Soros Fund is reportedly unloading shares of Best Buy
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PowerRating) and adding both Wal-Mart
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PowerRating) and Macy’s
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PowerRating). Shares of Macy’s were up more than 4% on the day, while Best Buy pulled back more than 3%. Interestingly, Wal-Mart is the only stock among this four that is trading below its 200-day moving average.
For a list of today’s highest PowerRating stocks, click here.
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TradingMarkets 5 PowerRatings Stocks for Today |
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Company
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Symbol | PowerRatings |
| Jo-Ann Stores Inc. | JAS | 10 |
| Helen of Troy Ltd. | HELE | 9 |
| Prudential Financial | 9 | |
| OptionsXpress | OXPS | 9 |
| Sina Corporation | SINA | 9 |
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TradingMarkets Making Great Traders |
High Probability Stock Trading with TPS – TradingMarkets
TPS is the most powerful strategy we’ve developed for trading ETFs. But TPS also works to help stock traders spot and trade high probability opportunities, as well. Larry Connors explains how to apply our Time, Price and Scale-in strategy to trade stocks and ETFs.
TradingMarkets contributor Tim Bourquin shows you how to combine pivot points and specific moving averages
to find trading opportunities each day in the markets.
Try Our High Probability ETF Trading Software for Traders Today – TradingMarkets
The High Probability ETF Trading Software is here. Learn more about this online resource, which helps ETF traders find the best, short-term edges every day in more than 700 exchange-traded funds.
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TradingMarkets Daily PowerRatings Analysis |
How to Find the Best Stocks to Trade Every Day – TradingMarkets
https://tradingmarkets.com.site/stocks/commentary/editorial/How-To-Find-the-Best-Stocks-to-Trade-Every-Day-80727.cfm
Click here to sign up for Larry Connors’ Trading Lesson of the Day.