The metals, housing stocks and oils are creating a significant psychological overhang.

Zinc is catching it -- it was the laggard in the metals.

We still have a positive outlook on commodity stocks, for both oil and metals. Demand is continually rising, while the supply side is not following through.

There is a large psychological element behind current housing prices,

The market can go higher, led by commodities stocks. Metals price should stay strong as most have low inventories and the trend is up for gold.

You're going to see very soft numbers for employment and significant ripple effects from housing.