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.

Bullish:

Baidu

(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report

: The stock is working well after a

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

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.

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Retail Holders

(RTH) - Get VanEck Vectors Retail ETF Report

: ETF play that encompasses various retail stocks is trading higher after flat opening. Shares of

Best Buy

(BBY) - Get Best Buy Co., Inc. Report

are rallying as well. I am cautious on retail here as we enter a seasonally slow time.

Earnings Plays

: Despite some tough reports,

Adobe

(ADBE) - Get Adobe Inc. Report

and

FedEx

(FDX) - Get FedEx Corporation Report

are hanging tough. FedEx may be bouncing simply because it was $58 last week and was down at $50 this morning.

Watson Pharmaceuticals

(WPI)

: Bouncing up after acquisition announcement.

Treasuries

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

: 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 Plays

:

UltraShort Real Estate ProShares

(SRS) - Get ProShares UltraShort Real Estate Report

and

UltraShort Financials ProShares

(SKF) - Get ProShares UltraShort Financials Report

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.

Transports

(IYT) - Get iShares Transportation Average ETF Report

: Turning positive after earlier lows. Airline plays like

Continental Airlines

TheStreet Recommends

(CAL) - Get Caleres, Inc. Report

are leading the way higher.

Bearish:

Financials

:

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

and Goldman Sachs are pulling back and taking the financial sector down with it.

Commodity Plays

:

Potash

(POT)

,

Freeport McMoran

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report

and

BHP Billiton

(BHP) - Get BHP Group Ltd Sponsored ADR Report

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

U.S. Steel

(X) - Get United States Steel Corporation Report

,

Nucor

(NUE) - Get Nucor Corporation Report

, and

Joy Global

(JOYG)

.

Gold

(GLD) - Get SPDR Gold Trust Report

and

Oil

(USO) - Get United States Oil Fund LP Report

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.

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.