Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
Stocks Extend Slide to Second Day … Retail, Consumer Discretionary Shares Lead Markets Lower … Obama Unveils New Financial Regulatory Infrastructure … KO, GE. WMT To Seek Listing in China … Most Oversold ETFs for Today Include: IWM, SMH, QLD, DBA, EWT …
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Traders, investors and analysts alike will be focused on the quarterly earnings report from FedEx
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PowerRating) due Wednesday morning before the market opens. Per share earnings of 51 cents is what analysts are expecting to hear from the FDX, which has sold off dramatically over the past few days leading up to the earnings announcement. - Three Dow stocks entered extreme oversold territory above the 200-day moving average on Tuesday: Home Depot
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PowerRating), Honeywell
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PowerRating) and Walt Disney
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PowerRating). All three developed 2-period RSIs of less than 2 intraday. - Impervious to the selling around it, shares of Microsoft
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PowerRating). The stock closed for two days in a row with a 2-period RSI of less than 3 going into Tuesday’s trading. - Deutsche Bank said on Tuesday that home prices in the United States could drop another 14% due to the weak employment picture. The news, combined with a dramatic surge in new housing starts, kept pressure on home builders like Toll Brothers
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PowerRating).
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 |
| Visa Inc. | V | 10 |
| OptionsXpress Holdings | OXPS | 10 |
| Walt Disney Company | 9 | |
| Boeing Company | BA | 8 |
| Intel Corporation | INTC | 8 |
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TradingMarkets Making Great Traders |
Combining Volatility and Directional Strategies to Trade ETFs – TradingMarkets
Looking for another way to apply volatility to trade ETFs? Larry Connors teaches you how to combine your directional strategies with volatility readings to help identify potentially large moves.
What are the most significant factors moving the market right now? Kevin Haggerty takes a look at the commodity sector, crude oil, and the $US dollar as they influence market direction.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Retail stocks were among those most aggressively sold on Tuesday, creating oversold conditions in consumer discretionary and retail based ETFs. The Diamonds Trust Series 1 ETF pulled back for a second day above its 200-day moving average.
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TradingMarkets Daily PowerRatings Analysis |
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