A few sharp-eyed readers might have noticed the new "Categories" item in the right column. What I'm planning on doing (which is probably insane, but……..) is going through all my posts for the past 18 months and, where appropriate, giving each of them one or more categories. I've only done a handful of posts so far, so there's not much point in using the Categories feature yet, but I'll let everyone know when I've finished. In the meantime, here are the categories I'm planning to use; if you think of any other good ones, let me know in the comments section.

Anecdotes
Blogging
Books
Bulls/Bears
Chart Patterns
Comedy
Commodities
Defeat
E-Mini Futures
Elliott Wave
Energy Markets
ETFs
Events
Failed Patterns
Federal Government
Fibonacci
Financial Stocks
Foreign Stocks
FOREX
Fraud
Hall of Fame
Investment Banks
Long Ideas
Long-Term View
Lottery Plays
Market Direction
Mass Media
Music
Options Ideas
Performance
Popular Culture
Precious Metals
ProphetCharts
Psychology
Retail
Short Ideas
Slopers
Snark
Survey
Victory
Video Commentary

I'm starting to think I should just sit around and trade energy and commodity ETFs instead of all these other stocks. I really like how they are behaving from a technical perspective.

As you may recall from yesterday, I had entered the day with a bunch of big shorts in USO, GLD, GDX, and OIH. I covered them all yesterday. I even went long OIH shortly before the close, expecting a bounce. (It did, and I've sold it off already).

Just look at USO below. You can see how cleanly it is bouncing off its lines. I think it's getting pretty messy at this point, but I'm inclined to say that, after this morning's bounce, it might be ready for another bearish trade.