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3 Bounce Plays For A Market Bounce

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August 22, 2011 – Comments (0) | RELATED TICKERS: HIG , COH , RHT

Even with a very strong and bullish open, the bears, nevertheless, took it as another shorting opportunity. I am watching 1134 on the S&P to see whether we can hold those intraday lows. We break that I think we will likely fill the morning gap up. 

I've provided a few bounce plays, two of which are in the most hated sectors (tech and financials). But should this market give us a legitimate bounce in the days and weeks ahead, these plays could see a major upside reversal.

LONG: Red Hat (RHT)

LONG: Coach (COH)

LONG: Hartford Financial Services (HIG)

 

 

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