A Federal Reserve interest rate cut and the Detroit auto bailout will dominate the market for coming week. What do the professional traders of TraderInsight.com think?

Here’s the list of 3 stocks our professional traders will be watching this week:

Anglogold Ashanti (AU), Nucor (NUE), and United States Steel (X).

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Adrian Manz, Stock Day Trader

The week of December 8 was characterized more than any other of 2008 by volatility. Profits quickly became losses for traders as news events whipsawed the indices and individual stocks. This is the environment that will open the day on Monday, and I presume that this week’s trading could be as hostile as the previous. If this is indeed the case, I will focus on trading the index proxies rather than looking for opportunities in individual stocks. The Diamonds (DIA), Spyders (SPY) and QQQQ, proxies for the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 respectively, trade in relatively predictable waves around floor trader pivot lines. This makes for intraday opportunity, even when the price action is choppy. It does, however, require the narrowing of targets and stops.

If price action in stocks becomes more predictable, I will look for Basic Materials and commodity-related stocks to show strength and move incrementally higher. I will watch Anglogold Ashanti (AU), Nucor (NUE), and United States Steel (X) for opportunities as trading settles in.

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Tom Incorvia, Stock Swing Trader

Tom will return next week.

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Art Collins, Index Futures Trader

The market has moved from panic to Obama-optimism mode. Whereas any hint of bad news had previously been causing dramatic sell-offs, we are now seeing shallow ones that often end in positive territory, even off bad fundamental news. One might ask how the market could suddenly have a completely different fundamental value overnight, but then one wouldn't be too versed in how emotions tend to trump everything else.

Fundamentally, the market should continue to find solid ground in the near future. It seems that initial wave of redemptions has run its course, and of course, we are looking forward to a political administration that all but can't help being better than the last one. Technically, the S&P futures look very strong on the weekly chart, having formed a "cup" bottom three weeks ago. On a daily chart, the week ended higher despite the fact that the lows were made on Friday. That day's upside reversal should prove legitimate, at the very least through Monday. Watch which side of the psychologically important 900.00 level the market tends to be favoring.

Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.