Up, up and away we go as the Dow gained 408 points on good volume. The advance/declines were positive. The summation index continues higher. The Dow again led the way here. The S&P 500 closed at a new all time high. The other major indices should get there too. The S&P is overbought and staying that way. Looks like I missed out on the SPY February calls but we'll see. Gold was off $8 on the futures. The US dollar finished flat and interest rates were mixed. The XAU and GDX had fractional losses on light volume. GDX remains in overbought territory. Mentally I'm feeling a bit tired. The VIX was off slightly. Still short term oversold on the indicators here. The VIX can stay oversold for extended periods of time and this may be one of those times. Todays post is short as I need to take a rest. Europe and Asia were generally higher overnight. We'll close out the trading week tomorrow.