Wednesday Morning Coffee with TradingMarkets

Good Morning!

U.S. Stocks Edge Higher, Financials, Tech Lead … Obama Backs Bankruptcy for GM, Chrysler … Asian Markets Advance on Commodity Gains, Confidence Toward Chinese Stimulus Efforts … Top ETFs Over the Past Seven Days Include: FAS, SRS, SKF, EDC, REC …

Click here to pre-order High Probability ETF Trading, the first quantified book of trading strategies to improve your ETF trading!

TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

  • The new interim CEO for General Motors
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    , Fritz Henderson, said that the automaker could meet the objectives set by the government’s auto task force within 60 days.

  • Financial stocks provided leadership again for the markets, with Bank of America
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    gaining more than 12% and Citigroup
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    adding more than 9%.

  • Google
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    will reportedly invest $100 million in the first year of its new venture capital fund. The fund is called Google Ventures and will look to invest in a variety of business on and off the Internet.

  • Sony
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    announced that it was lowering the price on its PlayStation 2 to $99 in an effort to maintain customer loyalty among more casual and family-oriented video game players.

  • Due to fears of salmonella contamination, Kraft Foods
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    recalled its products containing pistachio nuts. The investigation centers around a California processing plant.

  • Late in the day on Tuesday, the Wall Street Journal reported that Dell
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    was considering using Android software from Google in its line of low-cost notebook computers.

For a list of today’s highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
WGL Holdings Inc. WGL 8
Universal Forest Products Inc. UFPI 8
Pap John’s International Inc. PZZA 8
Leap Wireless International LEAP 8
Sun Microsystems JAVA 8

View More Stocks

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TradingMarkets Making Great Traders


Options Trading Strategies for Expiration Day
TradingMarkets

Larry Connors refers you to a new trading book by Jeff Augen which gives an in-depth coverage of options strategies, particularly strategies to trade options on expiration day.

Inflection PointTradingMarkets

Will the market attempt a rally after yesterday’s sell-off? Gary Kaltbaum weighs in on the market’s initial strengths and weaknesses in anticipation for a month end rally.

Managing Candlestick Trades SuccessfullyTradingMarkets

Why do candle charts attract so many traders serious about increasing profits and decreasing risk? TradingMarkets contributing writer Steve Nison details why candle charts are the top choice for the world’s most successful traders.

TradingMarkets Daily PowerRatings Analysis


PowerRatings: Smart Profit-Taking, or Smarter Buying?
TradingMarkets

After two days of selling, a few sellers were left selling at even lower prices. Find out what lower prices mean for PowerRatings traders in today’s column featuring three new high Short Term PowerRatings stocks!

Click here to sign up for Larry Connors’ Trading Lesson of the Day.