Thursday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Succumb to Overbought Conditions with Sell-Off … Materials, Energy Shares Lead Lower … Australian Economy Unexpectedly Grows … Bernanke Warns on Deficits … Most Oversold ETFs for Today Include: XLE, EWZ, EWJ, IAU, EEM ….
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Shares of Aetna
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PowerRating) fell by more than 5% intraday on Wednesday as sellers dominated the stock early and buyers dominated late. The stock had spent the past six days increasingly overbought territory below the 200-day moving average. - A court ruling supporting patent rights for TiVo
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PowerRating) helped send the stock soaring on Wednesday. Closing more than 50% higher, the stock is widely considered to be a more attractive potential take-over candidate in the wake of the ruling. - Microsoft
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PowerRating) CEO Ballmer threatened on Wednesday to ship jobs overseas if tax breaks and tax deferments for companies operating overseas were not maintained by the Obama administration. MSFT closed higher for a fifth consecutive trading session on Wednesday and is now overbought above its 200-day moving average. - Part of a wave of financial institutions raising capital to repay TARP funds borrowed from the public, American Express
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PowerRating) chief Kenneth Chenault said on Wednesday that his firm had met all necessary requirements for repaying the TARP. Shares of American Express pulled back on Wednesday and are increasingly oversold. - Alleged collusion in hiring practices has put an investigatory spotlight on a number of technology companies including Google
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PowerRating), Yahoo!
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PowerRating) and Apple
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PowerRating). The U.S. Justice Department is looking into whether or not the companies had an agreement not to hire employees from rival companies.While both Google and Apple have closed higher for the past five consecutive trading days, shares of Yahoo pulled back on Wednesday – though buyers kept the stock off its intraday lows.
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 |
| Glatfelter | GLT | 9 |
| Talisman Energy Inc. | TLM | 8 |
| Novatel Wireless Inc. | 8 | |
| Leap Wireless International | LEAP | 8 |
| BJ’s Wholesale Club | BJ | 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 |
Options and Strategies for Shorting ETFs – TradingMarkets
Larry Connors once again addresses the mechanics of shorting ETFs. Here is another strategy mentioned in a number of e-mails that were sent in by subscribers.
Overtrading is the most common challenge of trading and source of loss. TradingMarkets contributing writer Nazy Massoud shares with you strategies to prevent overtrading.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
A rebound in the dollar send currency ETFs reeling on Wednesday. The CurrencyShares Australian Dollar Trust lost more than 3% on the day, erasing gains from the past three days.
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TradingMarkets Daily PowerRatings Analysis |
How to Find the Best Stocks to Trade Every Day – TradingMarkets
Larry Connors explains the main focus of PowerRatings, the single most popular tool on TradingMarkets.com to help traders find high, win-rate short term trading opportunities on a daily basis.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.