Stocks that are BOOMING

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. snapped back on Tuesday on heavy volume. The stock is still trading below $0.65 resistance but a close above that area would be bullish. Cell Therapeutics has support located at $0.53 on the downside.

Somaxon Pharmaceuticals, Inc. (SOMX) - Shares of Somaxon Pharmaceuticals, Inc. continue to be the hottest stock in 2010. Somaxon Pharmaceuticals has resistance located at $10. The stock caught fire again on Tuesday afternoon and will be active for sure on Wednesday!

Arrowhead Research Corp. (ARWR) - Shares of Arrowhead Research Corp. hit a new 52 week high on Tuesday after the company released positive research data on Monday. Arrowhead Research Corp has great volume and momentum going forward so I will watch for a break above $1.33 on Wednesday. Support is located at $1.00.

Maguire Properties Inc. (MPG) - Shares of Maguire Properties Inc. broke out to the upside on Tuesday. Resistance is now all the way up at $5.00. Support = $3.24.

Delta Petroleum Corp. (DPTR) - Shares of Delta Petroleum Corp. continue to inch higher as was the case on Tuesday. Delta Petroleum has resistance located at $1.62 & $1.78. Support is now $1.55

Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. were trading above the 10 day moving average again on Tuesday. As expected, the stock is attracting buyers in the low $120's. When Potash closes above $127, I think it will run to $136-$140.

Sequenom Inc. (SQNM) - Shares of Sequenom Inc. broke above $6.00 on Tuesday after an upgrade out of Lazard Capital. The next major resistance level for Sequenom is located at $6.58 & 7.80.

Alcoa, Inc. (AA) - Shares of Alcoa, Inc. continue to hold the previous resistance level of $13.90. Alcoa doesn't have any major resistance until $15.50 - $16.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. broke down through $33.20 this morning which is bearish. A close below $33.20 would set up a retest of $30-$31 in my opinion. Resistance is located at $35.38, I think you can buy AIG for a trade when the stock breaks above this level.

SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio broke through $0.82 Monday morning and then hit $0.79 before reversing. Sirius XM Radio now appears to have established a very solid base between $0.79-$0.82. I plan to buy additional pullbacks in this area. Resistance on the upside is located at $0.95 & $1.00.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - The buying has come back into FAS again like I expected. The stock market looks strong after the health care bill sell off was short lived. FAS has resistance located at $96.84 as well as $101. I would not be buying FAZ unless FAS broke $89.50.

DryShips, Inc. (DRYS) - Shares of Dryships Inc remain continue to trade under $6 which is a great buy in my opinion. When Dryships stock finally closes back above $6.20, I plan to buy.

Research In Motion Ltd. (RIMM) - Research In Motion Ltd. is due to report earnings on March 31st. I expect Research in Motion to report a blowout quarter at that time and I'd be looking to add the stock to my portfolio below $70. I still think the stock could hit atleast $80 during the uptrend.

Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. (GS) have resistance located at $178.35. This is basically the only thing I am watching with this stock now. If Goldman Sachs would fall back below $170, I'd be a buyer.

Bank of America Corp (BAC) - Shares of Bank of America Corp are trading back above $17 again which is bullish. I continue to feel the stock will make a 52 week high in the months ahead. I expect BAC to trade back between $19-$20.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices are bouncing off the 10 day moving average located at $9.20. Advanced Micro Devices has resistance located at $9.78 & $10.

Freddie Mac (FRE) - Support = $1.18 - Resistance = $1.41

Fannie Mae (FNM) - Support = $1.00 - Resistance $1.17