Trade starting to gain some traction

My slow approach to building up positions in some commodity names in the coal, metals, and shipping sectors is started to gain traction and I think should work really nicely once change the calendar and the big boys reenter the game. I was a little bit early as I was trying to put money to work off a bounce in oil around $30. It was bad timing on my part as I lost sight of the expiration of the December contract. Anyway oil had a baby bounce and some of the names I have been playing such as PCX and GNK saw big bounces. Volume was still light across the board and I am not putting too much weight in to the moves but it did show how one positive day in oil can make these prices explode. If OPEC or Russia steps in and does something meaningful money could again pour into these names. The dollar is still basing, consolidating recent gains in the inverse ETF, UDN chart. I think it is set for a move higher in the short term and should supports oil. I don't know for how long with interest rates already at zero but I have a feeling a lot longer than many think with so much of this still to be worked through the system.

I know the posts have been infrequent as of late but look for that to change as we get through the holidays and flipped over to a new year. Once some of the hedge funds reenter the game things could get interesting.