Time for the Mets!

Got my Mets shirt on and raring for them to kick the Dodgers ass.

As usual, we will have our award winng weekely report on Sunday. Don’t miss is.

Leave no doubt, the bad news last Friday got the juices flowing as the worst is now first. Everything that led the market down for months, is now leading the market up. The market simply believes the Fed is full of crap about tightening. Remember, strong dollar=weak commodities. Weak dollar=strong commodities. You can tell how under-owned, over-shorted and under-loved the oil and commodities were as this rally has been vicious for them. Permabears are out saying this is not real. Permabulls are saying “whew!”

We are neither. We saw the potential turn last week and alerted you quickly. We were nothing but bearish before the 3 reversal days to the upside. That gave us the clue markets were about to turn. We just had no clue the move in the commodity areas would be so strong. Just keep your wits about you. If this has legs, we will be able to tell you about all the leadership that is showing up. This has hardly occurred at this juncture. There are also plenty of areas we would continue to avoid. We will have that list over the weekend.

Markets are now near-term overbought and to our ears and eyes, everyone is already back on the bullish side. Major indices have now entered the “major resistance’ zones they broke down off of. There is no rule that says they just can’t run through it. This would be rare but did happen in 98. Just remember, easy money still rules.

GO METS!