Tuesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Markets Remain Extremely Overbought Short Term … SPY, QQQQ Close in Extreme Overbought Territory for 6th Consecutive Session … Top Stock PowerRatings Stocks for Today Include: MEI, CNXT,. SKX … VIX Stretch Below 10-Day Remains Above 5% … Top ETF PowerRatings Funds for Tuesday Include: FAZ, TIP, TYP ….
Find out more about what ETF PowerRatings can do for you and your trading. Click here to launch your free, 7-day trial to our ETF PowerRatings today.
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Special to Morning Coffee with TradingMarkets |
Get Leveraged ETF Setups with a High Winning Percentage!
Introducing Leveraged ETF PowerRatings – A powerful rating system that ranks Leveraged ETFs on a scale of 1-10 to help individual investors find new trading edges. Built on a proprietary trading methodology, Leveraged ETF PowerRatings is a quantified and statistically validated rating system that has been backtested on over 17,000 trades and over 100 Leveraged ETFs from inception through 2009.
The concept behind Leveraged ETF PowerRatings is one of simplicity and effectiveness, yet behind the simple 1-10 ratings scale lies a heavily researched algorithm.
As shown by the simulated trades in our backtesting, a PowerRating of 9 has an average of 74% winning trades, and a PowerRating of 10 (the best rating for long trades) has an average of 79% winning trades from inception through 2009. That means nearly 8 out of 10 Leveraged ETFs with a PowerRating of "10" – the best rating – went up in price over the next few trading days!
Conversely a PowerRating of 1 or 2 indicates a likely downward price action, suggesting that ETF be avoided or shorted. PowerRatings of 1 on average lost 81% of trades over the next few trading days.
Click here to get today’s Leveraged ETF PowerRatings.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Sporting goods maestros, ^DKS^, reports before the bell with an expected EPS of 55 cents.
- 34 cents is the forecast before the open number for supermarket chain, ^KR^.
- A 19 cent loss awaits investors in ^TSTY^ prior to the market’s open.
- ^JCG^ reports after the close with a forecast EPS of 46 cents.
- ^JPM^ beat out the competitors to be ranked as the world’s largest hedge fund firm.
- ^X^ was raised to “buy” at Goldman Sachs while the firm cut ^AKS^ to “neutral”.
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 |
| Methode Electronics Cl A | MEI | 9 |
| Home Diagnostics | HDIX | 8 |
| Green Plains Renewable Energy | GPRE | 8 |
| Skechers USA Inc. | SKX | 8 |
| Conexant Systems | CNXT | 8 |
| View More Stocks |
If your stock trading could use a boost, then treat yourself to a free, 7-day trial to our Stock PowerRatings. The highest rated 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 |
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TradingMarkets 7 ETFs You Need to Know for Today |
Overbought Conditions in SPY, QQQQ Extend to Sixth Session – TradingMarkets
Technology lead the way higher on muted Monday, with buyers also aggressive in financials and consumer cyclicals. See what ETFs moved into overbought territory as a result.