Initiating some longs

I'm looking at starting some long trades here, it's a directional trade and because I see this as a likely short term bounce, 'm keeping it small for now- you can always add later and I'm using ETFs which are well suited to this type of trade.

Here are some of the long candidates and I may add to them on any further market weakness, I will let you know.

So far I like:

UPRO leveraged long the S&P-500
UDOW leveraged long the Dow-30
FAS Leveraged long financials
TNA leveraged long small cap stocks
ERX leveraged long Energy.

That gives me some pretty good basic coverage.