.. Monday 3/23/09: Dow +497 (6.8%)@7776, S&P +54 (7.1%)@823, Nasdaq +98 (6.8%)@1556 ..

Well, we got confirmation that the market buys into the new government plan to deal with toxic assets. Importantly, the S&P broke through major resistance at 805 and held steadily above that level, which should now provide support.

Did you see some of the gains in the leveraged funds today?
The 3x long funds from Direxion: FAS +41%, TNA +26%, ERX +23%, BGU +22%

Some of the 2x long ETFs from ProShares: URE +30% (SRS -30%), UYG +25% (SKF -30%), UVT +18%, UWM +17%, UYM +12%

You're now getting maximum benefit of these funds without having to worry about individual stock picking.

Disclosure: currently long FAS (financials) and ERX (energy stocks)