Just finished running through all my media sources this morning and most of the well known papers are just recapping last weeks run of the market. The naysayers also seem to just be repeating their Bear argument.

The futures are slightly down which I consider a natural pullback. Most of my selling was into the rally last week. I am still very Bullish, but some what cautious. We are still in a trading range, but much higher away from the dangerous pivot point we were at, the last couple of weeks.

Stocks are cheap and I am holding on to my core positions like AKS, BAC, AA, and TBT. I still see a large run for these particular stocks, especially TBT. The bond market is extremely stretched out and is reaching it’s resistance peak. But could break down before reaching that point.

Let the market pullback naturally and keep in mind that the Big Boys from Wall Street are back to work this morning. Most of the buying, if any for today, will be on any panic news or bad economic data and/or after 3pm, toward the closing, especially at 3:45pm.

Happy Trading…