Analysis from Trade 247's Guest Contributor RT

What a day! Financials had a great run, C up 38.1%! The 740 test on the SP is critical to whether or not this run is sustained or the typical bearish "bounce" we have seen all too often this past year. As such, I like X, BIG, and FAS as quick plays on this market "bounce". (Please click charts to view in larger format).

X - X's fundamentals are just ridiculous - .99 PE, .09 PS, and .42 P/B. That is about the textbook definition of a value play! Solid dividend yields (6.89%), ROA, ROE, and
ROI all signifcantly above industry comparables. Technicals look great for the stock as well - we had a significant breakout at $20 today, the next resistance is at $30.
Technical V movement and resistance break at $18, next resistance at $30

BIG - BIG is another one to watch for - very strong ROA, ROE, and ROI in terms of industry comparables. Great looking technicals (see charts), strong earnings, superior business model for economic crisis. 21% short interest - tough bullish setup for shorts. Short term upside to $22.50.
Solid upward trading channel, on strong volume. Short interest is 21% - bad for shorts in near term. Superior business plan for current crisis. Should test next resistance level of $22.5

FAS - today's ATM machine. As long as the bulls are in charge of the market, FAS will print money. As of 8:00, 3.91 in after hours trading. $5 looks very realistic in short term (by end of week), longer term FAS can easily print $10. Highly recommend short leash on this volatile ETF. Volatility is 259%, this one doesn't won't fit into everyone's portfolio - but a great "juicer" indeed. JPM, BAC, C, WFC - all of these stocks have another 15% short term price movement in them, and that equates to approximately 45% more in the FAS. That puts us slightly over $5.
Boxes represent next resistance levels for FAS – approximately $5 and 8.50. FAS technical breakout highlighted by arrow, strong volume movement break at $3.25

RT Position Disclosure: None