Stalling or Basing?

I sold out of all my CME and POT calls this afternoon. Even though the market continues to rally and i have have made some money trading long in the past week, i just cannot imagine this market holding up here for much longer. Every single economic data that comes out usually starts with "The worst ever.." and end with "...since data collection began in 1950's". 

Yet every single morning the market just shrugs it off and rallies some more. After market close today, BofA announced another 825 million share offering priced at market at $10. I would like to see how this market trades tomorrow. If the market can digest this new secondary offer and if BofA holds above $10 tomorrow we might be setting up for another leg up in the markets and i guess i'll probably jump in and drink the Kool-Aid again!

Long: FAZ,DRYS, OIL,Nat gas and Copper through futures

Short: BIDU