Rocket Stocks for the Week

After playing the last two weeks relatively safe in terms of risk and capital exposure, I am willing to believe that the market will snap back to the tune of 3% to 5% this week in relatively short order.

Here is why I am bullish on the week:

1. A shortened trading week last week, coupled with options expiration and several important economic data points, increased volatility toward the downside.

2. Corporate bond trading in the U.S. is at a two-year high, signaling improved liquidity in the credit markets

3. Sentiment levels, as judged by the bull/bear index and Citigroup's proprietary panic/euphoria index, are showing panic levels in the broader equity markets.

4. The price of gold rose to almost $1,000 per ounce, a level last seen the week Bear Stearns was rescued by JPMorgan(JPM Quote) and the Federal Reserve.

With this in mind, I've developed this week's Rocket Stocks portfolio, which includes such snapback ideas as Foster Wheeler(FWLT Quote) and KBR(KBR Quote).

To read more, visit Stockpickr.com.