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Friday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
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Good Morning!

U.S. Stocks Edge Higher ... Energies Lead ... Asian Markets Advance ... Yen Fades Against Euro ... SEC Hits Mozilo with Civl Fraud Charges ... Most Overbought ETFs for Today Include: XLF, IYR, UYG, UXI, RKH ....

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:

  • Early reviews of the new smartphone, Pre, by Palm Inc. (PALM | Quote | Chart | News | PowerRating) suggest that the device might be the most significant competition to the iPhone by Apple (AAPL | Quote | Chart | News | PowerRating) yet. Shares of Palm Inc. rallied to their highest levels in more than a year.

  • Intel (INTC | Quote | Chart | News | PowerRating) announced on Thursday that it was acquiring Wind River Systems (WIND | Quote | Chart | News | PowerRating) for $884 million.

  • Looking for its own piece of the smartphone market, Adobe Systems (ADBE | Quote | Chart | News | PowerRating) is redesigning its Flash software to make it compatible with smartphones as well as games and videos. The stock has closed higher for six out of the past eight trading days since closing above its 200-day moving average.

  • A bigger than expected decline in monthly same-stores sales helped keep retail stocks under pressure on Thursday, but traders managed to bid shares of retailers like Wal-Mart (WMT | Quote | Chart | News | PowerRating) and Costco (COST | Quote | Chart | News | PowerRating) up from their worst levels of the day. Both stocks remain below their 200-day moving averages.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
Children's Place Retail PLCE 9
Novatel WirelessNVTL 9
Health Management Associates UHS 8
Universal Health Services UHS 8
Leap Wireless International LEAP 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

Getting to Know Leveraged and Inverse ETFs - TradingMarkets
What do leveraged and inverse ETFs mean to you as a trader and as an investor? Larry Connors shares a comprehensive report to help you understand the role of leveraged and inverse ETFs and why they trade as they do.

The Key to Longevity and Consistency in Trading the Markets - TradingMarkets
Longevity in the market is the mark of a good trader. Here Sam Patterson discusses two fundamental concepts of trade management that can help you attain longevity as a trader.

TradingMarkets 7 ETFs You Need to Know for Today - TradingMarkets
After a three-day pullback, the Financial Select Sector SPDR ETF, XLF, was one among a number of financial-related exchange-traded funds to move higher on Thursday.

TradingMarkets Daily PowerRatings Analysis

PowerRatings Does it Again: Results for 2008 - TradingMarkets
The test results for PowerRatings for 2008 are in! See how PowerRatings stocks outperformed the market average over a 5-day period.

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


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