TradingMarkets 7 Stocks You Need to Know for Wednesday

Durable Good Orders and New Home Sales await stock investors midweek in the midst of a heated bull advance. Multiple important earnings are also being released into the optimistic atmosphere. The health care reform bears had their teeth kicked in for the second day in a row as stocks rallied hard. To the total dismay of his critics, Obama signed his health care reform bill into law.

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Strong earnings from several sectors combined with increase demand in the computer chip arena powered shares sharply higher on the day. Word from the Chicago Fed President, Charles Evans, from a Shanghai speech served to further fuel the powerful rally when he clearly stated the U.S. Central Bank will keep rates at “accommodative” levels for at least 6 months. The DJIA led higher by Caterpillar and IBM surged 102.94, the tech heavy Nasdaq added 19.84 and the broad based S&P 500 climbed 8.36. [Read the full article]

Over the past 20 years, there has been a significant shift in retirement plan schemes, from the traditional defined-benefit plan (DB plan) to the more contemporary defined-contribution plan (DC plan). As a result of this change, the primary responsibility for preparing for retirement has been removed from employer plan sponsors and placed upon employees. The ramifications of this change are profound, and many people have questioned the readiness of the general populace to handle such a complex responsibility. This in turn has spurred the debate about which type of retirement plan structure is best for the general populace.

History of the Defined-Benefit PlanDB plans were first instituted in the U.S. when promises to provide retirement benefits were made by the U.S. government to veterans that served in the Revolutionary War. Subsequently, the number of DB plans increased throughout the country as the workforce in the U.S. became more industrialized. [Read the full article]

The following ETFs are the most overbought for Wednesday, March 24, 2010 and are due for a short term reversal. This analysis is based on research published in Larry Connors’ new book, High Probability ETF Trading – now in paperback!

PowerShares Wilderhill Clean Energy Portfolio ETF (NYSE:PBW – News)iShares FTSE/Xinhua China 25 ETF (NYSE:FXI – News)

The following ETFs are the most oversold for Wednesday, March 24, 2010 and are due for a short term reversal. [Read the full article]

Stocks continued their steady march upward, with the major market averages once again making new 52-week highs. It’s been a methodical rally that has largely shrugged off mixed economic and political news and potential future headwinds like higher interest rates and taxes. Earnings season will begin towards the middle of next month, and soon become the focus of investors. We’re expecting some pretty good-looking results off of weak comps.

The Chinese Advertising Stocks Index was the top performing tickerspy Index on the day, led by China MediaExpress Holdings (AMEX: CCME – News) with a 18% gain.

Stocks climbed steadily throughout the day, with the Dow closing 103 points higher to 10,889. The S&P rose 8 points to 1,174, while the Nasdaq jumped 20 points to 2,415. Oil edged up 31 cents to $81.91 a barrel, while gold moved $4.20 higher to $1,103.0 an ounce. [Read the full article]

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