The inflation data came in where expected and the overall market took off to the upside. The Dow however did not gain any steam as it fell 99 points on good volume. The advance/declines were slightly positive. The summation index is still trending lower. The NASDAQ led the way higher by far and that is a plus for the bulls. The S&P 500 had a good day and the short term indicators here have turned up. The SPY December put trade is still on the radar but it will have to wait until next week if things set up for it. Gold was up over $30 on the futures. The US dollar was higher along with interest rates. The gold shares rallied this time around. The XAU gained 5 1/3, while GDX was up over a point. Volume was average. GDX has made it back to the 50 day moving average. It looks like I've missed out on a GDX call trade again but there wasn't exactly a clear signal. Mentally I'm feeling OK. The VIX was lower and that fits the overall market rally. The short term indicators here remain oversold. Asia was mixed and Europe higher overnight. More inflation data due tomorrow. I'll keep an eye on tonights developments.