The Mighty Trio Will Lead Us Higher

The unholy troika's back -- oil, tech and banks -- and I think it contains the losses here to levels that the bears will simply not be able to tolerate and will force them to change species. That's what happens when you have leadership. You can stabilize, you can regroup, you can gain adherents. Generals beget foot soldiers. And when you have three leaders, you have lots of followers, and these three leaders -- oil, tech, banks -- are the most powerful forces in the market right now. They are the virtuous circle we need to go higher.

Think about what these umbrellas allow you to have run. When oil takes off, not only do you have the integrateds like Chevron (CVX - commentary - Cramer's Take), BP (BP - commentary - Cramer's Take) and Occidental (OXY - commentary - Cramer's Take) taking off, but you get the service group -- Transocean (RIG - commentary - Cramer's Take), Schlumberger (SLB - commentary - Cramer's Take) and Halliburton (HAL - commentary - Cramer's Take) -- and then you get the solar plays, which have been crushed since the oil decline ... great for First Solar (FSLR - commentary - Cramer's Take).

Strength in oil means strength in commodities, which gives everything from Nucor (NUE - commentary - Cramer's Take) and U.S. Steel (X - commentary - Cramer's Take) to Caterpillar (CAT - commentary - Cramer's Take) and BHP Billiton (BHP - commentary - Cramer's Take) a lift. Infrastructure rallies, too, because of the leverage to higher oil prices.

Tech's running because of excellent earnings from Oracle (ORCL - commentary - Cramer's Take) and great guidance by glass maker Corning (GLW - commentary - Cramer's Take), the latter a complete misjudgment by the company of the strength of its own markets, in part because a collapse of the competition. We've also caught an upgrade of Nokia (NOK - commentary - Cramer's Take), showing that cell phone demand could be improving. All of these changes are incredibly important: You can buy everything from Adobe (ADBE - commentary - Cramer's Take) to Salesforce.com (CRM - commentary - Cramer's Take) off of the great Oracle news, plus the Oracle dividend is a terrific sign of responsibility when it comes to shareholders. Even Microsoft (MSFT - commentary - Cramer's Take) benefits!

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