The McClellan came through and "Mutual Fund Monday" went as planned. Stocks lifted, they held, and they resumed trend. Sure stocks were only able to recover the "hot lunch" they were delivered on Friday, on weaker volume nonetheless. However, breadth was good, which is the first time I've said that in weeks. As far as I can tell, we should be able to drift higher from here, and see sectors separate a little. In other words, Bend Over, Here It Comes Again, Shorts (BOHICAS).

I'm 99% long right now, and still plan on taking a few more positions in the next few days, and lightening existing positions on the way up. In the next few days I plan on initiating a few shorts, but not until the sun, moon, and the stars align if you know what I mean. A little balance ought to do me some good.

As for today, I jumped on the Miners, Large Cap Tech, and Small Cap names. The Miners are in a great spot right now, especially with Gold trading above the 1065-1085 range. The group is ready to rip, as witnessed today. This is as oversold as the miners have been in ages.

On another note, my casino plays tore it up! Long calls in WYNN and LVS.

I am wanting to nibble in materials, specifically steel. However, I'm going to see if I can get a better entry than chasing my favorite names (AKS, MTL, STLD) up 5-7%.

In closing, I still like oil, which we touched on last Thursday. Crude traded well into the bell, and the entry point is still admirable, even if you didn't feel me last week.

On that note, I'm out.

Oh, and by the way, if you do in fact stop by this site, throw me a bone. Say hello. Don't just visit and bail. I'm back up over 10k hits per day, which is dick compared to how this site dominated its competition, back in the day, and yet, I get no love. Throw me an idea, a chart, or just flat out throw something.