Monday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Drive Deeper into Overbought Territory Below 200-day … Asian Markets Rally on Stimulus Optimism … Euro Pulls Back from Recent Gains Against Greenback … Oversold ETFs for Monday Include: PSQ, SDS, TWM, REW, SCC …
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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:
- Exxon Mobil
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PowerRating) reported that it has discovered oil off the coast of Brazil. According to experts, the reservoir could hold 8 billion barrels of of usable oil. XOM continues to trade in a short term range between $66 and $68. - Shares of Merck & Co.
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PowerRating) rallied higher for a second day, gaining nearly 13% as the stock has begun to recover losses from heavy selling in late February and early March. Other pharmaceuticals advancing on the day were Pfizer
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PowerRating) and Schering-Plough
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SGP |
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PowerRating), which has agreed to merge with Merck. - Sara Lee Corporation
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SLE |
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PowerRating) has brought on Goldman Sachs
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GS |
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PowerRating) to help it sell its European household products division. - A research analyst from ThinkEquity Partners LLC warned that Research in Motion
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PowerRating) would suffer as profit-growth from its BlackBerry smartphone business slows due to the recession.
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 Small Cap 600 ETF | SDD | 10 |
| Rydex Inverse 2x Russell 2000 ETF | RRZ | 10 |
| ProShares UltraShort Financials ETF | SKF | 9 |
| ProShares UltraShort MSCI Japan ETF | EWV | 9 |
| Rydex Inverse 2x S&P 500 ETF | RSW | 9 |
| 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 |
Trading Exits and Knowing When to Say When – TradingMarkets
Getting into a trade is one thing, but knowing when to properly get out of a position is just as important. In this trading lesson, Larry Connors looks closely at exit strategies to help you maximize your profits.
Market Neutrality: The Last Path to Diversification – TradingMarkets
TradingMarkets contributing writer Tristan Yates discusses how investors can develop and construct their own market neutral and hedged investments in order to diversify effectively.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Given the strong rallies in financial stocks of late, the profit-taking on Friday was markedly mild. The Direxion Financial Bull 3x Shares ETF were down less than 1% on Friday while the iShares Dow Jones U.S. Financial Sector ETF was trading at roughly breakeven.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings, Overbought Markets and Trades from the Short Side – TradingMarkets
As stocks move higher, more and more traders are looking for opportunities to buy. So are we. But what PowerRatings traders are putting in their shopping carts is very different from what the average trader is looking to purchase. See why in today’s column.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.