Continuing higher as the Dow gained 317 points on good volume. The advance/declines were better than 2 to 1 positive. The summation index is moving back up. The Dow led the way today. The short term indicators for the S&P 500 are trying to turn back up. I still like the SPY February calls here but we do not have a technical buy signal in place. Trying to remain patient as there is still plenty of time left in the February option cycle. Waiting on the jobs data out on Friday. Gold was up five bucks today and off of its best levels on the session. The US dollar was lower along with interest rates. The XAU gained 4 points and GDX was up a point. Volume here was above average. The short term indicators for GDX remain extremely overbought. I am now considering the GDX February puts. The problem here is trying to pick the top because GDX has been overextended for such a long period of time. However this condition cannot go on forever and there are still over a couple of weeks left in the February option cycle. The other issue is that money has been pouring into gold and there is no indication that it will stop despite todays bearish looking star on the daily candlestick chart here. I'll consider what to do or not do overnight. Mentally I'm feeling OK. The VIX moved lower and is now below both the 50 and 200 moving averages. Not completely short term oversold on the indicators here so there is still room for them to go lower and stocks higher. It is another reason to be cautious about trying the GDX puts here because if the market continues higher it may pull the gold shares with it. The trading is never easy. Asia was mixed and Europe generally higher overnight. I'll keep an eye on tonights developments.