It might still be too early to call, but all indications are that we will finally get that stock market rebound that we have been looking for, for three days now on this blog.

Stocks are up in Europe, oil and gold and trading higher, we got good news from Dell overnight and quite frankly, while this IS a bear market and there is probably more downside, in the near-term, we are in very oversold territory.

Indications are that the Dow will open up about 200+ points. We do have a few hours before the open, but we should get a nice pop at the open.

If that happens, with stocks like Citigroup ( C) now trading below $5, we will see investors buying and short sellers covering, so we should see a meaningful rally.

And if we do get the rally, it will be a free for all, with most stocks climbing on the day. So it won’t be a question of which stocks to pick, it will be a question of whether we can still enter, since stocks will open higher and which stocks will give us the most bang for our trading buck.

Since we can expect short covering on a rally which means stocks will go even higher, yes, we can probably still enter at the open, and we like commodity stocks for today. Your Potash (POT), Agrium (AGU), Mosaic (MOS) and the financials.

We also like the instruments that cover the market as a whole such as QQQQ, SPY and DIA.

If we are so lucky, that we are only up moderately at the open, use that as an opportunity to get in at those prices instead of thinking we could end up down again. We can’t keep losing 5% a day. In the next couple days, we will get a huge rally in stocks.