TradingMarkets 7 Trading Ideas for Today
Stocks tumbled again on Thursday, at one point falling the most since
September 17, 2001, before recovering a substantial part of their losses. The
selloff was widespread with the Dow -311.50,
the S&P 500 -35.43, and the NASDAQ
-48.83.
The heavy selling continued overnight in Asia, and European markets are
currently trading in the red. U.S. stock futures are indicating a lower start on Friday, but
have moved off the worst levels seen earlier this morning.
Here are 7 trading ideas for today. This list comes directly
from the TradingMarkets Stock Indicators page and
is based upon our latest
quantitative research.
TradingMarkets subscribers can
obtain the full list of candidates and learn how to apply the results in
actual trading by clicking on the individual links. Subscribers can also
access the
Market Bias Indicators, to help determine short-term market direction.
Futures and options traders can access our daily
Options
Indicators and
Futures
Indicators.
Plus, don’t forget to use
the free
TradingMarkets Stock Scanner to find
more potential setups.
Bullish
Our research shows that stocks exhibiting this price behavior, while
trading above their 200-day moving average, have on average, shown positive
returns 1-day, 2-days and 1-week later. Historically, these stocks have
provided traders with a significant edge.
POSCO
(
PKX |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks that gap down, and how to use
this information,
click here.
Fuel Tech
(
FTEK |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks that lap down, and how to use
this information,
click here.
Harvest Natural Resources
(
HNR |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks
that make five or more consecutive down days, and how to use this information,
click here.
Hoku Scientific
(
HOKU |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks
that make five or more consecutive lower lows, and how to use this
information,
click here.
Amerigon
(
ARGN |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks that have a 2-period RSI below 2,
and how to use this information,
click here.
Bearish
Our research shows that stocks exhibiting this price behavior, while
trading below their 200-day moving average, have on average, shown negative
returns 1-day, 2-days and 1-week later. Historically, these stocks have
provided traders with a significant edge.
ProShares UltraShort Mid Cap 400
(
MZZ |
Quote |
Chart |
News |
PowerRating)
To learn more about our research into stocks that make five or more
consecutive up days, and how to use this information,
click here.
ProShares UltraShort Dow 30
(
DXD |
Quote |
Chart |
News |
PowerRating)
To learn more about our research
into stocks that make five or more consecutive lower lows, and how to use this
information,
click here.
John Lee
Associate Editor
Reminder: We are in no way recommending the purchase or sale
of these stocks. This article is intended for education purposes only.
Trading should be based on your own understanding of market conditions, price
patterns and risk; our information is designed to contribute to your
understanding.