Wednesday Morning Coffee with TradingMarkets
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Good Morning! |
U.S. Stocks Resume Rally, Telecom, Energy Lead … Asian Markets Advance … Yen Weakens Against Euro on Rising Risk, Yield Appetites … Congress, White House Challenge AIG on Bonuses … Top ETFs for the Week Include: FAS, UYG, DZK, PGX, KBE …
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“This is a book that you will keep on your trading desk at all times because the quantified strategies presented have a very high probability of success, and that is what professional trading is all about.” – Kevin Haggerty, professional trader and former Head of Trading at Fidelity Capital Markets.
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TradingMarkets 7 Stocks You Need to Know for Today |
Here are 7 stocks for traders for today from TradingMarkets.com:
- Political pressure continues to mount against American International Group
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PowerRating) and its payment of millions of dollars in bonuses after receiving massive public assistance. Senators in Congress are looking into an excise tax to recoup bonus money already paid out to AIG derivatives traders and others in the company’s financial products division. - Surprisingly strong home building statistics – specifically with regard to better than expected housing starts – led to a rally in home builder stocks like Centex
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PowerRating) and in home improvement retailers like Home Depot
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PowerRating). - Alcoa
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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 |
| ProShares Short S&P 500 ETF | SH | 9 |
| Rydex Inverse 2x S&P 500 ETF | RSW | 9 |
| ProShares UltraShort MSCI Japan ETF | EWV | 9 |
| ProShares UltraShort Health Care ETF | RXD | 8 |
| Rydex Inverse 2x Russell 2000 ETF | RRZ | 8 |
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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!
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TradingMarkets Making Great Traders |
Hedging Your Long Position with the VXX – TradingMarkets
How can traders use the VIX ETN as a hedge for stock investments? In this trading lesson, Larry Connors discusses one of the ways to hedge your long position with the VXX.
How Backtesting Helps Remove Stress – TradingMarkets
What exactly, will a trader get out of backtesting their trading system? TradingMarkets contributor Walter Peters provides several methods traders can use to remain confident in their ability to make money from the markets.
TradingMarkets 7 ETFs You Need to Know for Today – TradingMarkets
Among the sector leaders on Tuesday was telecommunications. ETF traders and investors can get exposure to this group by way of exchange-traded funds like the Telecommunications HOLDRS.
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TradingMarkets Daily PowerRatings Analysis |
PowerRatings, Patience and Profit-Taking – TradingMarkets
After a brief break, the rally in stocks resumed on Tuesday, forcing a number of short ETFs lower and lower into oversold territory above the 200-day moving average.
Click here to sign up for Larry Connors’ Trading Lesson of the Day.