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.
: Recent positive momentum looks to continue.
ProShares UltraShort Oil & Gas
ProShares UltraShort Real Estate
ProShares UltraShort Financials
are moving higher.
: Big winner on positive drug news.
: Shares are up over after company raised revenue guidance.
Air Products & Chemicals
are still maintaining gains from this morning's analyst moves.
are all sinking under the Wall Street calls this morning.
are getting hit hard for a second day in a row on potential regulations that may affect transaction volume.
: Many of these names are seeing their shares break down, including
, among others.
has broken below $90, and mining stocks we follow like
are also dropping.
Bank of America
are a few examples of names selling off in the action today. Financials are starting to approach key levels.
: We're seeing weakness in the shares of
This type of action makes me focus on the cream of the crop for potential "bottom-catching" trades. Focus on names like
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.
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recommended list of the Best Dividend Stocks
as well as a
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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.