Futures are down a little but I feel the optimism in the air. I am bringing back the golden bull to help take us to a rich path of prosperity. I tell you a sector to watch is Airlines. I CAL at $8 but sold at $10.50, way to early but got in monday LUV through a nice call spread (June month). Airtrain - AAI - just crushed earnings, 27 cents actual vs. 4 cents projected. The cost savings in fuel are amazing, plus the airlines are doing a great job navigating the routes, reducing operational costs. The sector is heavily, heavily shorted, so there could be big wins here.
As for the rest of the market, I am still a litte skeptical. If I make purchases, it will be stocks under $5 because I love the fun. In addition, I will continue to hawk technical breakouts, for quick wins, like in LVLT, FEED, and LDK.
In short, today will be a big test. The market is heavily shorted right now, so I think we can go either way. The bulls and bears will slug it out but if the bulls get an upper hand, the squeeze can begin and take us up another 30 points on thee S&P
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