Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Begin Week Oversold … DOW, NVDA, EBAY Among End of Week Advancers … Asian Markets Slide … Euro Pulls Back Against Greenback … Most Oversold ETFs for Tuesday Include: EWW, EWH, QQQQ, XRT, AGGG
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- The passage of new credit card legislation in the House of Representatives continues to put pressure on stocks like those of Capital One Financial
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PowerRating) and Discover Financial Services
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PowerRating), both of which continue to trade in consolidation ranges just below their respective 200-day moving averages. - His work in helping navigate American International Group
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PowerRating) through its government bailout largely complete, Edward Liddy has said that he will step down from his post as CEO to allow a longer-term replacement to take over the job. - General Motors
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PowerRating) is likely to file for bankruptcy next week as part of a special government-brokered plan to restructure the struggling automaker. Shares of GM reversed by more than 7% intraday on Friday after making four consecutive higher highs below the 200-day moving average. - For its part, Ford Motor Company
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PowerRating) extended a deadline for workers to decide whether or not to accept the automaker’s buyout offers by five weeks. - Shares of McDonald’s
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PowerRating) rallied back above their 200-day moving average for the first time since early February. - Surprising profits from Sears
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PowerRating) sent the stock soaring by more than 20% before reversing to close up just over 10%.
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 |
| Unified Natural Foods | UNFI | 9 |
| Quality Systems Inc. | QSII | 9 |
| Perini Corporation | 9 | |
| Air Methods Corporation | AIRM | 9 |
| Blyth Inc. | BTH | 8 |
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TradingMarkets Making Great Traders |
High Probability ETF Trading Available for Download – TradingMarkets
TradingMarkets is excited to announce the release of a digital copy of our new ETF strategy book. This book is designed to give you the trading edge you need for success and is available to be downloaded at our site now.
Using the Baltic Dry Index As Predictive Tool for The U.S. Stock Market – TradingMarkets
Many investors and traders see the Baltic Dry as a leading economic indicator. Here’s how this esoteric and unusual indicator works and what it might mean going forward.
TradingMarkets Most Overbought and Oversold ETFs for Tuesday – TradingMarkets
Here is a list of overbought and oversold ETFs for Tuesday, based on information from Larry Connors’ new book “High Probability ETF Trading”.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings Round Up: AIRM, BTH, SIRO – TradingMarkets
How are PowerRatings traders playing the pullback in the wake of the Memorial Day holiday weekend? Find out in today’s column!
Click here to sign up for Larry Connors’ Trading Lesson of the Day.