CAN BULLS FOLLOW THROUGH?

Finally we got an up day for a change, and the strong closing was also very encouraging. Now let's see if the market can follow through for the next couple of trading days. Expiration probably distorts this market a bit.

I was watching commodity stocks all day. While most of them were up, there was no momentum. I sensed a lot of hesitation and indecisiveness. Despite the oversold condition and cheap valuation, there are still a lot of concerns about the liquidations squeeze. Precious metals, and copper may have a bit down side risk.

Stock to watch: AAPL was weak all day despite the rebound of NASDAQ due to this little patent probe by ITC with respect to CREAF. Is it time to pick some AAPL? Maybe, although it took out its recent low today. Frankly, I thought the easiest way for AAPL to deal with the situation is to buy CREAF out, which would not cost it more than $500 million, a pocket change for AAPL, and could claim some synergy of legal expenses for both side, not to mention a boost of its stock price.