Boom Boom stocks 3/22/2011 | Bulls on Wall Street

Boom Boom stocks 3/22/2011

Morning folks. futures indicating flat open so far.  Oil ( uso ) GOLD ( gld ) both flat.  The market has made a very nice bounce the last 3 days straight up into resistance.  The next couple days will tell us whether taht is a relief bounce or something more significant. When market is under major support levels its always best to treat it guilty till proven innocent.  wht i would like to see to really start puttingon some serious swing positions is a clean break of spx 1300 along with 50/20 day moving averages.  these thing rarely happen on the first shot.  If ur a bull and u see multiple taps of that area i’d view that as a positive as it could take a few before a break. We have worked off our “oversold” condition so the main catalyst we had for a bounce is gone and the market will search for a new one.  I personally wouldnt be surprised if the market settled into a nice range till earnings season sans geopolitical catastrophe.  if u believe this to be just that a reflex bounce then adding shorts here is very low risk as we are right at resistance.  Ive added a swing position into SDS.   I will unload it if the market breaksout.  These are the best type of swings where you risk 30 cents to potentially make 2 dollars.

also all uraniums stocks will be in play today..i always keep a couple in my backpocket for runs.

I GOT TONS MORE! subs i did a video on how to play all these.

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