The market is attempting to make a move up here, as buyers try to shake off the recent two-day slide. Let's take a look at what traders should be focused on right now.
: The stock is working well after a
upgrade this morning. We mentioned this as a favorite play if the morning print would hold and it did. If you are long, move up your trailing stock as the stock moves higher.
: ETF play that encompasses various retail stocks is trading higher after flat opening. Shares of
are rallying as well. I am cautious on retail here as we enter a seasonally slow time.
: Despite some tough reports,
are hanging tough. FedEx may be bouncing simply because it was $58 last week and was down at $50 this morning.
: Bouncing up after acquisition announcement.
: TLT may be on the way to making it five days in a row of gains. We are considering a short position in this play this afternoon, if the stock shows any signs of pulling back.
UltraShort Real Estate ProShares
UltraShort Financials ProShares
have worked beautifully. As we said this morning, we would cover half the position and move the trailing stops up to maximize your profit potential on this timely trade.
: Turning positive after earlier lows. Airline plays like
are leading the way higher.
and Goldman Sachs are pulling back and taking the financial sector down with it.
are all lower, but bouncing off the lows of the day. The whole commodity stock complex is getting short-term oversold, so I would be ready to take some quick long-side positions in these names as well as
are trailing so far. As is always the case, the market will tend to overshoot and create short-term trading opportunities that we plan on bringing to everyone out there.
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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.