Updated from 10:23 a.m. EDT

Last week was another historic week for the global equity markets as the S&P 500 railed almost 6%, bringing its total run from the March 9 bottom of 666.75 to 26.35%.

Will the market go higher? That's almost impossible to predict, which is why I focus on short-term, event-driven trades that can rise or fall in the coming week, no matter how the market moves. I like to look for snapbacks, earnings plays and other tradable market catalysts. As a general rule, you want to buy extreme weakness and sell extreme strength.

This week's Rocket Stocks portfolio includes such stocks as Dendreon ( DNDN) and Alcoa ( AA).

To read more, visit Stockpickr.com.

Who's on Stockpickr Answers? Larsen Kusick will be on Stockpickr Answers on April 6 to respond to investing and trading questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, 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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