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Mark Hulbert, quoting Norman Fosback, makes a bullish argument for South Korea. Stocks are cheap, growth is strong, and North Korea will become less of a problem. He mentioned three names — the Korea Fund (KF), the Korean Equity Fund (KEF), and the South Korean Index Fund (EWY). I checked out the technical patterns for each and the Korea Fund KF is quite bullish. It made a quadruple top breakout yesterday, one of the most bullish P&F patterns.

Wolf Stone makes a bullish case for coal. Coal is a cheaper and more abundant source of energy than crude oil and natural gas. Also, most of the names mentioned — CNX, FCL, GE, MEE, SI, and YZC look to be in technically bullish patterns.

Crude oil is at an important juncture. It was strong yesterday, up almost $3, erasing the losses from the previous day. However, at 64.84, it is right up against the downward sloping trend line. If it can get through resistance and trade up to $67 it will resume its bullish trend with an initial target price currently at $83.

On the other hand, if it backs off to $62 it will begin a new column of zeros and a test of the lows may be its likely course. The key is how much supply there is in the area of the trend line.