BUY BUY BUY!

While the negative tone has righfully gotten traders nervous, we believe the 300 plus point decline yesterday and the initial 100 plus point decline today, presages a bounce to the upside within days. Quite frankly we were looking for it today but then the unemployment numbers tripped up the market. However, early next week should see a bounce.

Traders with the fortitude to go long this market, should look at call options in stocks like Amazon (AMZN), Potash (POT), Agrium (AGU) Bucyrus (BUCY), Apache (APA) and Devon (DVN). 

We are still preaching however that this is a bear market, so take early profits and play it safe and go with the October options.

 Tags: AMZN  AGU  BUCY  APA  DVN