Wednesday Morning Coffee with TradingMarkets
 |
Good Morning! |
U.S. Stocks Soar on Citigroup Profitability … Asian Markets Follow-Through on U.S. Rally … Risk Aversion Fade, Buoying Euro Against Greenback … Madoff to Plead Guilty to All Counts … Earning on Deck for Today Include: NSM, SPLS, HOTT, MW, JAS …
Looking to improve your trading knowledge? Click here!
“In Short Term Trading Strategies That Work, Larry Connors has crafted a worthy success to How Markets Really Work, utilizing a quantitative approach to identifying opportunities that take advantage of market trends and pullbacks. Readers will find the sections on stops and exits to be particularly enlightening.” – Bill Luby, professional trader.
|
TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) soared by more than 38% on Tuesday after CEO Pandit announced that the company was having its best quarter since 2007 – when Citigroup last posted a profit. - Also dramatically higher on the day were General Electric
(
GE |
Quote |
Chart |
News |
PowerRating), up more than 19% late in trading, and Office Depot
(
ODP |
Quote |
Chart |
News |
PowerRating) which reported better than expected same stores sales Tuesday morning. ODP, which had closed lower for six consecutive sessions, gained more than 42%. - Reporting quarterly earnings Tuesday morning before the market opens, Staples
(
SPLS |
Quote |
Chart |
News |
PowerRating) is expected to announce EPS of 0.42. - United Technologies
(
UTX |
Quote |
Chart |
News |
PowerRating) announced that it would eliminate more than 11K jobs and was lowering both its profit and revenue forecasts. The stock, which trades below its 200-day moving average, gained more than 8% on Tuesday. - Swiss drug maker Roche continued on Tuesday to balk at the $112 price tag Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) has placed on its shares, saying the number is not “realistic.” - Also on the merger and acquisition front, Dow Chemical
(
DOW |
Quote |
Chart |
News |
PowerRating) said that expenses related to its acquisition of Rohm & Haas would mean significant asset sales and job cuts.
For a list of today’s highest PowerRating stocks, click here.
|
TradingMarkets 5 PowerRatings Stocks for Today |
|
Company
|
Symbol | PowerRatings |
| ProShares UltraShort Oil & Gas ETF | DUG | 8 |
| Harmony Gold | HMY | 8 |
| Royal Gold. | RGLD | 8 |
| Sigma Designs Inc. | SIGM | 8 |
| Ocwen Financial Corporation | OCN | 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!
|
TradingMarkets Making Great Traders |
ETF Trading Strategies: 3x ETFs and the 200-day MA – TradingMarkets
Previously, Larry Connors looked at the universe of 3x ETFs available to trade. Today, Larry provides an exercise to get traders into the rhythm of trading these ETFs in the direction of the 200 moving average.
How to Beat the 10 Pitfalls of Trading – TradingMarkets
TradingMarkets contributor Nazy Massoud takes a look at the 10 ways to become a more consistent trader and increase your profitability.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Financial stocks were among the better performers on the day resulting in surge in financial ETFs like the ProShares Ultra Financials ETF, which was up more than 20%.
|
TradingMarkets Daily PowerRatings Analysis |
PowerRatings, Profit-Taking and Selling into the Bounce – TradingMarkets
The oversold rally PowerRatings traders had been waiting for arrived. Here are some tips on profit-taking, as well as a few opportunities to the upside that remain in the market.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.