BEAR PARTY ON HOLD

Although the Dow hit 12,000 then sold off a bit, it looks like the market might stage one more rally before the Bear party begins. The Dow was mostly flat today, but the other indexes made pretty good moves up. The Russell 2000 (RUT or IWM) was up almost 2%. The Nadaq was up almost 1% and the S&P 500 was up about a half of a percent. The Dow Transportation Average (IYT) was up over 1%. The volume wasn't too bad. This leads me to believe that the market may rally a bit higher over the next few days ...especially with earnings season winding down next week. If we do rally a bit higher, here is a list of great possible bullish trades to take advantage of that move...again, these are bullish trades: WLT, KOL, ANR, MEE, CAM, CCJ, MDR, PH, WFT, XLB, XME, SCCO, GWR and SNDK. A special thanks to www.tradervibes.com for some of those picks. The market is still extremely overbought. If the S&P 500 drops or closes below its 10 day MA, we'll be back to the Bear party.