Monday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Overbought … Asian Nations Plan $120 Billion Currency Reserve … Mark Mobius Likes Emerging Markets Stocks, May “Break Out” … Yen Slides Against Euro as Demand for Yield Gains … Top Overbought ETFs for Today Include: XLE, SMH, UXI, DIA, FXE …

Click here to pre-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:

  • Soaring higher in its own very own dramatic “race to the 200-day” was Comcast
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    , which added more than 5% on Friday and is now extremely overbought.

  • Goldman Sachs’
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    Abbey Cohen said on Friday that she thought the S&P 500 could reach 1050 over the next 6-12 months based on low valuation.

  • Announcing earnings on Monday are Este Lauder
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    and Sprint Nextel
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    . Analysts are expecting per share earnings of 0.05 from Este Lauder, and EPS of -0.04 from Sprint Nextel. Sprint Nextel was up more than 5% on Friday, closing higher for a fourth consecutive session and above its 200-day moving average for the first time since August 2007.

  • For the first time in more than a year this April, Ford Motor Company
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    topped monthly auto sales for Toyota
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  • Morgan Stanley
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    soared by more than 10% intraday before selling off into the close. The stock is back above its 200-day moving average.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Staples Inc. SPLS 9
PF Chang China Bistro PFCB 9
Dick’s Sporting Goods 8
Yum! Brands Inc. YUM 8
99 Cents Only Stores NDN 8

View More Stocks

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TradingMarkets Making Great Traders


How to Properly Execute Trades
TradingMarkets

How you execute once you enter a trade is more important than anything else. In today’s trading lesson, Larry Connors shows you the strategies to help you analyze and execute your next trade idea.

Fighting Your Way Out of A Losing StreakTradingMarkets

Larry Levin provides some insights as to why the ability and willingness to take losses when trading can ultimately bring you one step closer to your next profitable trade.

TradingMarkets 7 ETFs You Need to Know for TodayTradingMarkets

Energy ETFs rebounded on the final trading day of the week. As such the Vanguard Energy ETF was up more than 2% intraday on Friday.

TradingMarkets Daily PowerRatings Analysis


How to Find the Best Stocks to Trade Every Day
TradingMarkets

Larry Connors explains the main focus of PowerRatings, which remains the single most popular tool on TradingMarkets.com to help traders find high probability, short term trading opportunities in oversold and overbought stocks.

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