Buy… Buy… Or get the f&ck out of the way….

Everyone on WallStreet has been fore-telling the grand "Santa Clause" rally. The one that will ensure huge bonuses and after work lapdances. That rally seemed to be in jeopardy  to start the week, as the market battled with the 1200 mark on the S&P. But three days later, the S&P has surged more then 4% from its Monday lows, and now sits above the 200 day moving average. A great sign for those looking for a continued move higher over the next few days.

Why?

Well, one could argue that the data coming out for the US economy continues to be somewhat promising. I actually think it doesn't mean anything. Folks will continue to shrug off the numbers and push the tape higher. It will only provide a better opportunity to go short sometime in 2012. For now, follow the big boys and look at some of the plays that have been beaten down on the Europe worries as well as those looking to break into new all-time high levels.

Plays I like into next week are Visa(V), Mastercard(MA), Priceline(PCLN), Caterpiller(CAT), Google(GOOG),Amazon(AMZN), and NKE(Nike).

 

 

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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