NEW BULLISH Plays

Citigroup - C - close: 4.77 change: +0.21 stop: 4.29

Why We Like It:
The financials look ready to rally again if the non-farm payrolls data comes in decent. If the jobs data is sour then this sector may lead the market lower. Thus C is an aggressive trade because shares are sure to be volatile tomorrow. If C gaps open above $5.10 or gaps open below $4.30 I would abort this play. Due to the volatility I'm suggesting very small position sizes.

Our first target to take profits is at $5.40. Our second target to exit is $5.95.

Annotated chart:

Entry on September 03 at $ 4.77 (?)
Change since picked:     + 0.00   			
Earnings Date          10/16/09 (unconfirmed)    
Average Daily Volume:       1.0 billion    
Listed on September 03, 2009    


Ultra(Long) Financials - UYG - close: 5.29 change: +0.22 stop: 4.90

Why We Like It:
If you don't want the risk of a single-company trade like Citigroup but like the idea of a fast-moving stock if the jobs data comes in better than expected then consider the UYG. This is the double-long ETF on the Dow Jones U.S. Financials index. I am suggesting readers open very small positions on today's bounce. However, if the ETF gaps open under $5.00 or the jobs data comes in much worse than expected I would abort the play. Our first target to take profits is at $6.00. Our second target is $6.50.

This can be a very volatile security. It's not for the faint of heart.

Annotated chart:

Entry on September 03 at $ 5.29 
Change since picked:     + 0.00   			
Earnings Date          00/00/00 
Average Daily Volume:      47.8 million 
Listed on September 03, 2009