The employment report came in better than expected and stocks took off to the upside as the Dow gained 344 points in a shortened pre-holiday session. The advance/declines were better than 2 to 1 positive. Volume was light. The summation index is moving up. The NASDAQ continues to lead the way higher and that's a plus. The short term technical picture for the S&P hasn't changed. Overbought, staying that way and now getting extreme. Back above the upper Bollinger band. This one reason why I still favor the SPY puts for now. But this may be a fools errand as the rally goes on. I'll figure out what to do over the long weekend. My SPY July put order is still out there but another positive session would most likely fill it. Gold dipped $16 on the futures. the US dollar was higher along with interest rates. The XAU added 1 3/8 and GDX was up 1/8. Volume was very light. The short term technical indicators for GDX remain at mid-range. No GDX trades for me here at the moment. Mentally I'm feeling OK. The VIX was still lower today and remains short term oversold. Its 50 day moving average is about to cross the 200 day to the downside. This would imply lower VIX readings and higher stock prices. I'll be going over the charts this weekend to try and figure out what to do with two weeks remaining in the July option cycle. Asia markets contiue to be mixed while Europe finished higher. It's Thursday and time to take a break during the long holiday weekend.