Friday Morning Coffee with TradingMarkets
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Good Morning! |
Financials Sell-Off in U.S., Asia … Commodity Stocks, ETFs Advance on Stronger Crude Prices, Weaker Greenback … Congress Passes Wall Street Bonus Tax; Constitutional Issues Remain … Top ETFs for the Week Include: RFL, TNA, KIE, UWM, XLF …
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“Larry has done it again. He delivers an insightful handbook of practical, useful and timeless methods to profit in the market.” – Tony Saliba, CEO of BNY ConvergEx LiquidPoint; Profiled in Market Wizards.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Want an iPhone but uneasy about commitment? AT&T
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PowerRating) has announced that it will start selling the iPhone by Apple
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PowerRating) without requiring a two-year contract. The new month-to-month option will be available as of March 26. - Profit-taking was especially pronounced in financial stocks, many of which have racked up significant gains over the past several days. JP Morgan Chase & Company
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PowerRating) was down nearly 8% late in trading on Thursday, while Morgan Stanley
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PowerRating) lost more than 13%. - In the wake of the controversy over retainment bonuses paid by American International Group
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PowerRating), the U.S. House of Representatives passed legislation levying a 90% tax on bonuses paid by companies that received public assistance. - The spike in gold and continued strength in copper has helped the share price of companies like Freeport McMoran Copper & Gold
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PowerRating), which gained more than 5% on Thursday, but closed off its highs. - Sony Corporation
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PowerRating) announced a plan to freeze salaries for full-time employees for a year as part of a cost-cutting initiative.
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 |
| ProShares UltraShort Utilities ETF | SDP | 9 |
| ProShares UltraShort MSCI Japan ETF | EWV | 9 |
| ProShares UltraShort Consumer Services ETF | SCC | 8 |
| Rydex Inverse 2x S&P 500 ETF | RRZ | 8 |
| ProShares UltraShort Dow 30 ETF | DXD | 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!
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TradingMarkets Making Great Traders |
Does the SPY and VIX Dropping the Same Day Predict Short Term Market Direction? – TradingMarkets
In this trading lesson, Larry Connors points out the inaccuracy in a recent Wall Street Journal article regarding research on the VIX and the SPY.
Indicators for Trading in Government Bond ETFs – TradingMarkets
TradingMarkets contributor S. Wade Hansen discusses what indicators traders should watch to help them determine not only when to get into U.S. Government bond ETFs but also when to get out of them.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Surging crude oil prices helped boost energy ETFs like the Vanguard Energy ETF which gapped up above its 50-day moving average Thursday morning en route to gaining more than 4% late in the trading day.
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TradingMarkets Daily PowerRatings Analysis |
5 PowerRatings ETFs for the Next 5 Days: EFZ, SDP, EWV, EFU, SDK – TradingMarkets
Looking for exchange-traded funds that are likely to outperform the average ETF over the next few days? Our 5 PowerRatings ETFs for the Next 5 Days column is a great place to start!
Click here to sign up for Larry Connors’ Trading Lesson of the Day.