Dividend.com: Midday Playbook - TheStreet

The markets remain weak as we head into the midday session. Let's take a look at what is jumping off the board so far today.

Bullish

Treasuries

(TLT) - Get Report

: Recent positive momentum looks to continue.

Ultrashort plays

:

ProShares UltraShort Oil & Gas

(DUG) - Get Report

,

ProShares UltraShort Real Estate

(SRS) - Get Report

and

ProShares UltraShort Financials

(SKF) - Get Report

are moving higher.

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Amgen

(AMGN) - Get Report

: Big winner on positive drug news.

Tractor Supply

(TSCO) - Get Report

: Shares are up over after company raised revenue guidance.

Analyst Upgrades

:

Air Products & Chemicals

(APD) - Get Report

and

SAP AG

(SAP) - Get Report

are still maintaining gains from this morning's analyst moves.

Bearish

Analyst Downgrades

:

Arch Coal

(ACI) - Get Report

,

Massey Energy

(MEE)

,

Infosys Technologies

(INFY) - Get Report

,

Starwood Hotels

(HOT)

,

Chattem

(CHTT)

and

Applied Materials

(AMAT) - Get Report

are all sinking under the Wall Street calls this morning.

Exchange Plays

:

CME Group

(CME) - Get Report

and

Intercontinental Exchange

(ICE) - Get Report

are getting hit hard for a second day in a row on potential regulations that may affect transaction volume.

Commodity Plays

: Many of these names are seeing their shares break down, including

U.S. Steel

(X) - Get Report

and

Freeport McMoran

(FCX) - Get Report

, among others.

Gold/Gold Mining

:

Gold ETF

(GLD) - Get Report

has broken below $90, and mining stocks we follow like

RandGold Resources

(GOLD) - Get Report

and

Agnico-Eagle Mines

(AEM) - Get Report

are also dropping.

Financials

:

Blackrock

(BLK) - Get Report

,

Wells Fargo

(WFC) - Get Report

and

Bank of America

(BAC) - Get Report

are a few examples of names selling off in the action today. Financials are starting to approach key levels.

Transports

: We're seeing weakness in the shares of

Union Pacific

(UNP) - Get Report

and

FedEx

(FDX) - Get Report

.

This type of action makes me focus on the cream of the crop for potential "bottom-catching" trades. Focus on names like

Apple

(AAPL) - Get Report

and

Goldman Sachs

(GS) - Get Report

if you are looking to nibble on any quick bounces. I would not be aggressive on the long side. The best move is to keep pushing the trailing stops up on the ultrashort plays in the meantime.

Be sure to visit our complete

recommended list of the Best Dividend Stocks

as well as a

detailed explanation of our ratings system

.

At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.