Najarian says new uses of TARP funds to buy up to $500 billion dollars worth of mortgage securities backed by Fannie Mae and Freddie Mac should stimulate home buying. Already shares are starting to climb. “I like Centex [CTX] and Ryland [RYL] for unusual volume in options contracts,” he says.

Najarian says new uses of TARP funds to buy up to $500 billion dollars worth of mortgage securities backed by Fannie Mae and Freddie Mac should stimulate home buying. Already shares are starting to climb. “I like Centex [CTX] and Ryland [RYL] for unusual volume in options contracts,” he says.

Najarian says, “institutional money is flowing into the gold miners.” He particularly likes Yamana [AUY] because the stock is down 70%, much more than the commodity itself.

Because Najarian expects the Dow to remain range bound he also says, there will be shorting opportunities. “When the market gets up around 9400 I think that’s a great opportunity to sell short.”