The abs and low trac lights are likely related. ABS is the anti-lock brakes, and TCS is the traction control system which needs the anti-lock brake module to function correctly. The TCS lamp will come on with just about anything that sets a trouble code in not only the ABS but also many of the fuel injection system hard faults will cause it too. The TCS operates by the computer first quickly detuning the engine when it senses one of the front wheels spinning, which it detects through the ABS wheel speed sensors. Then if necessary the ABS actually starts pulse locking the brake on the wheel that is spinning, and that causes power to transfer to the other wheel, increasing grip, and reducing wheel spin. I suspect you have an ABS system issue that will need diagnosed. The red arrow down lamp is a good question, I can't think of what that might be off hand. First suggestion is to check the owners manual and see what they are using that for, but of course somehow I expect your gonna say the car didn't come with the owners manual. I'm away from the shop so I can't even check my information system to see if its listed, but really I would not expect it to be, or at least it will be difficult to search for it by what the light looks like.

Take your car to a shop before you blow up the engine from an over-speed. There are several things that may cause your problem. The first step is to read the trouble codes and get a good diagnostic by a qualified technican. From your description, it seems that the transmission is misbehaving, but this may not be the fault of the tranny itself. It could be other things like a bad sensor or low manifold vacuum. The "4" on the RPM thingy is probably 4000 rpm.

Are you sure that car has a distributor? That recent of a car might have a distributorless ignition. Usually misfires are caused by worn plugs or damaged wires..

If you have an automatic transmission, you may be experiencing problems with the lock-up clutch. A sensor controls the voltage to the lock-up clutch and this is a common failure with GM lock-up clutches. The fix is simple - replace the sensor. To diagnose, temporarily disable the clutch by unpluging the lead to it. If this is the problem, it disappears when unpluged and re-appears when reconnected. The sensor is failing. Within the range of 45 to 55 mph, the lockup feature may be disengaging and engaging when the throttle position is suddently changed by a significant amount and will cause a small lurch. This is normal, however, lurching increases when the torque control part of the engine mount is worn. It may need replacing.