Friday Morning Coffee with TradingMarkets

Good Morning!

S&P 500, Dow Edge to New Closing High … Ford to Boost Production … FDA Supports Amgen Bone Drug … Euro, Yen Advance Against Greenback … California Announces Plan to End IOUs … Most Oversold ETFs for Today Include: JNK, HYG, PBW …

Click here to 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:

  • Sometimes controversial clothing retailer, Abercrombie & Fitch
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    is expected to suffer a 6 cents/share loss in its fiscal second quarter 2010. ANF reports prior to the opening bell on Friday.

  • Discount retailer, JC Penny
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    , is also expecting to report a loss Friday morning before trading begins. Analysts are anticipating a 1 cent per share shortfall for the company’s fiscal second quarter.

  • King Pharmaceuticals
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    just won U.S. approval for its so-called safe pain killer.

  • Bank of America
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    has filed a $1 billion dollar lawsuit against near-dead Colonial Bancgroup
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    to return collateral.

  • Wal-Mart
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    is considering expanding to emerging markets and was able to keep profits neutral despite a drop in sales.

  • China Sky One Medical
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    has its eye on an EPS of 51 cents for the second quarter 2009. The company will announce earnings before trading starts on Friday.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Garmin Ltd. GRMN 9
Research in Motion RIMM 9
Nationwide Health Properties 9
Sara Lee Corporation SLE 8
Big Lots BIG 8

View More Stocks

If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Short Term PowerRatings. The highest rated Short Term PowerRatings stocks have outperformed the average stock by a margin of nearly 17 to 1 after five days. Click here to start your free trial today!

TradingMarkets Making Great Traders

TradingMarkets

Larry Connors explains the role of the 200-day moving average when it comes to derivative products such as leveraged ETFs.

TradingMarkets

Bryan Perry shares three secrets of the most successful day traders. These will help you to make better trades and improve your odds of success.


How to Find and Trade Overbought and Oversold ETFs
TradingMarkets

High probability mean reversion trading is all about waiting for quantified edges and taking advantage of them as they appear. Here’s Part 1 in our series on spotting overbought and oversold ETFs based on our backtested, short term ETF trading strategies.

TradingMarkets 7 ETFs You Need to Know for Today


Upside Momentum Waning as Financials Among Few Advancing Sectors, Pullbacks in Junk Bond ETFs
TradingMarkets

Financials again appeared to be the favorite destination for traders and investors on Thursday. The iShares Dow Jones U.S. Financial Services Index ETF gained

nearly 1% intraday while the the Retail Bank HOLDRS ETF climbed by more than 1.5% late in trading.

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