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Wednesday Morning Coffee with TradingMarkets

By David Penn | TradingMarkets.com
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Good Morning!

U.S. Stock Pullback Intensifies as Sellers Unload Financial Shares ... Yen Bounces Against Greenback ... GM Unveils New Volt Electric Car ... Major Dow Pullbacks Above 200-Day Include: AXP, GE, JPM, MSFT, DIS ... Most Oversold ETFs for Today: SMH, USD, EWC, EPI, GDX ...

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:

  • Retailing monster Macy's (M | Quote | Chart | News | PowerRating) is expected to report fiscal second quarter 2010 earnings of 17 cents/share before the open on Wednesday.

  • Bra maker, Maidenform Brands (MFB | Quote | Chart | News | PowerRating), is expected to announce an EPS of 25 cents for the second quarter Wednesday morning prior to the bell.

  • Progressive (PGR | Quote | Chart | News | PowerRating) has been forecast to report an EPS of 34 cents for its fiscal third quarter. The insurer's announcement is scheduled for Wednesday before trading.

  • Residential building behemoth, Toll Brothers (TOL | Quote | Chart | News | PowerRating), is looking at a loss of 34 cents/share for its fiscal third quarter prior to the start of trading on Wednesday morning.

  • The furniture retailer, Ethan Allen (ETH | Quote | Chart | News | PowerRating), has analysts expecting a fiscal fourth quarter loss of 25 cents. ETH reports Wednesday morning before the open.

  • An EPS of 83 cents is what auto parts seller, Advanced Auto Parts (AAP | Quote | Chart | News | PowerRating), has traders expecting to see Wednesday after the close.

  • LDK Solar (LDK | Quote | Chart | News | PowerRating) has traders expecting a loss of 91 cents for the second quarter to be revealed after the trading day on Wednesday.

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

TradingMarkets 5 PowerRatings Stocks for Today

Company
Symbol PowerRatings
KLA-Tencor KLAC 10
Ingersoll RandIR 10
National Semiconductor NSM 9
Immunomedics Inc. IMMU 9
Broadcom Corporation BRCM 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

The State of Leveraged and Inverse ETFs - TradingMarkets
In the wake of restrictions on leveraged and inverse ETFs, Larry Connors takes a look at the fallout, plus provides another vehicle for market participants to grow their money.

Top 10 Traits of Successful Traders and Investors - TradingMarkets
Everyone knows that to succeed as an investor or trader you must buy low and sell high. As simple as this concept is, the actual act of doing so is almost impossible. That is, unless you are prepared.

How to Improve Your Trading by Not Having An Opinion - TradingMarkets
It seems the more traders try to forecast market direction, the more it can't be done. Learn how to trade based on the current reality in the market and avoid the fantasy or market opinions.

TradingMarkets 7 ETFs You Need to Know for Today

Financials Lead Markets Lower as Equity ETFs Slide Into Oversold Territory - TradingMarkets
Profit-taking in earnest finally arrived to the financials. As a result, financial ETFs like the ProShares Ultra Financials ETF, UYG, and the Financial Select Sector SPDR ETF, XLF, pulled back into oversold territory above their 200-day.

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


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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

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