Stock Bulls Piggyback on Commodities Rally

The commodities trade was back in a big way Tuesday, bringing glee to many momentum traders, including one source who's been buying oil since it traded below $50 per barrel briefly last week.

Light sweet crude oil for March delivery jumped up 4.7% Tuesday to close at $55.04 per barrel on news President Bush will call for a doubling of the Strategic Petroleum Reserve in the State of the Union later tonight.

But it wasn't just oil that surged -- traders spent Tuesday piling back into everything that comes out of the ground, including natural gas, gold, silver, copper, and corn, among others. ...