Rally Time

All the major indexes had a great day today. You have to like what you see if your a bull.

The S&P (+2.12%) and Nasdaq (+2.12%) did super good, and the Dow followed with an almost +200 point performance… well, what do you know- the Dow is sitting right above $11,000. I would like to see the Dow rise above $11,150 before it really takes off. This weekend I’ll be checking on the technicals to see how far this rally will go.

Anyway, today was just one of those days where you could have picked any stock that took a considerable hit since May 10 and you would have been looking like a pro stock picker! Yes, the day was really that good. I posted a handful of stocks I feel will benefit the most from a reversal in my June 14 post. Just one ammendment to that list- remove VeraSun (VSE) and replace it with Carizzo (CRZO); I’m switching the energy play because the ethanol wave is over, and Cramer really smashed VSE yesterday.

Tomorrow is last day for June options.