The rally has legs as the Dow climbed 538 points on good volume. The advance/declines were around 4 to 1 positive. The summation index is moving up. The Dow continues to lead the way. The S&P 500 had a decent gain with some of its short term indicators in overbought territory. The NASDAQ lagged. I'm still looking at the SPY February calls for the next trade but would like to see a pullback in order to purchase. May not happen at this rate. Looking for new all time highs for the S&P as we move forward. Gold was up seven bucks on the futures. The US dollar had a big drop and interest rates dipped. The XAU gained 3 1/8 and GDX was up 7/8. Volume was a bit above average. GDX has broken through the down trend line that was in effect and is now short term overbought. It can stay overbought during rallies. GDX is now above both its 50 and 200 day moving averages. Might try the February calls here if we get a snap back to the line just broken. Not completely sold on that idea though. Mentally I'm feeling OK. The VIX was lower which fits an up market. Short term oversold here. Not sure what's next for the VIX but it can remain oversold for a while at times. Stocks are in rally mode. I believe that calls are the way to go here. Asia was mixed and Europe slightly higher in overnight trade. We'll keep an eye on tonights headlines.