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Tuesday, March 23

BULLISH on BANK of AMERICA, Alcoa Inc and United States Steel. $BAC, $AA, $X

I will consolidate my stocks update in one post. In future, I will do this unless I am making a new trade recommendation.

First, Bank Of America Corp.

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The break out will most probably occur this week. My first target for this breakout is $18. Citigroup cannot be trading at a higher multiple than BAC. Stick to BAC.

Second. Alcoa Inc.
The support at $13.90 was a good buying point. Hope you didn’t miss it when I recommended it on Sunday. The stock did rally after that.
First breakout target of $15.3 in sight.

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Third, United States Steel. The stock rallied as expected after my recommendation yesterday in mid day trading. Bought it at $59.80. I have a stop loss at $60.3 and I will ride this to $67 - $68.

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We are in a BULL market. Do not listen to the BEARS.

All stocks are trading at super low levels. It is not wise to short any stock at this moment. The next correction should occur when the DOW JONES hit 11400.
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Good luck in this BULL market.
Stocks to SHORT:
Cliff Natural Resources, $CLF at $72-$82. (Will revise.)

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