Monday Morning Coffee with TradingMarkets

Good Morning!

U.S. Markets Stall After Multi-Day Advance … Equity Indexes Remain Short Term Overbought … VIX Snaps Back After 9% Plunge Below 10-day MA …December Crude Drops 3% … Cash for Clunkers Likely Boon for Retail Sales … Top Retail ETFs Include: XRT, SCC, XLY, IYC, UCC …

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • Reprehensible news of Wells Fargo‘s
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    executive Cheronda Guyton using a multi-million dollar foreclosed home as her party palace was made all the worse when it was revealed that the original owner lost the home due to investments with fraud king, Bernie Madoff.

  • FedEx
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    and United Parcel Service
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    , long considered to be surrogates for the U.S. economy as they handle 80% of the package deliveries, climbed higher on optimistic forecasts.

  • Starbucks
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    stated it will not close 30 stores on its closure list of 960 locations due to the improving economy.

  • American Eagle Outfitters
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    , Gap Inc.
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    , and Limited Brands
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    all provided better than expected numbers, earlier indicating improvement in Consumer Sentiment.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Orbitz Worldwide Inc. OWW 9
Columbia Banking System Inc. COLB 9
First Third Bancorp 8
Hasbro Inc. HAS 8
The Traveler’s Company TRV 8

View More Stocks

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TradingMarkets Making Great Traders

TradingMarkets

How do you protect yourself from improper backtesting methods? Here are three things you should look for before trading any moving average system, especially

one with ETFs.

TradingMarkets

Is it possible for ordinary people to become extraordinary performers? In the first part of our conversation with Daniel Coyle, author of the new book The Talent Code, he explains not just where greatness

comes from, but how to achieve greatness in your own pursuits in life and work.


My Favorite Exit
TradingMarkets

Learn the strategy trader Dave Steckler uses to identify when it’s the right time to exit trades.

TradingMarkets 7 ETFs You Need to Know for Today

Asian Country ETFs Lead U.S. Equity Indexes Toward Potential Short Term PullbackTradingMarkets

Gains were modest in the majority of ETF markets at week’s end, as trading took a pause in the wake of several consecutive days higher in the S&P 500, Dow industrials and Nasdaq.

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