Updated from 7:01 a.m. EST

After a historic 1,200-point rally last week, investors and traders alike should approach this week with caution.

Value plus snapback potential equals opportunity. Every week, I share my snapback ideas in my Rockets Stocks portfolio. Even after last week's move, this week's portfolio offers some very interesting snapback ideas, including Enzon ( ENZN) and Foster Wheeler ( FWLT).

To read more, please click here.
At the time of publication, Altucher and/or his fund was long Arch Coal, Cliffs and Foster Wheeler, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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