Another day, another gain as stock indexes continue to rise. The Dow gained 317 points on heavy volume. The advance/declines were 2 to 1 positive. The summation index continues higher. The inflation data came in much lighter than expected. We had a gap higher at the open and never looked back. The NASDAQ is still leading this bull run. As long as that is the case the rally should move forward. Indices are as overbought as they can get or so it seems. When the technical indicators don't work anymore it is time to step aside. The S&P 500 posted another decent gain. The short term indicators are stuck in overbought territory. It is knocking on the door of reaching a new all time high. Stocks markets have been moving straight up for two weeks. I don't know how much longer that can continue. Gold was up almost a hundred bucks today on the futures. The US dollar was lower along with interest rates. The XAU gained 6 1/3, while GDX added 2 points. Volume remains light here. GDX like the overall market is short term overbought and staying that way. I dumped the GDX April puts that I had for a 90% loss. This trade was mismanaged by me about as bad as it gets. It did show a small profit early on but quickly moved the other way. I did not have a stop loss order on it which was another mistake. When the gold shares were acting better than gold itself I still held on to the losing position despite the signs that it was time to hit the exit. The trade should have been closed yesterday when gold came back from its early sell off overnight. There were plenty of chances to get out with a smaller loss but I didn't take them. The only minor saving grace is that I was initially going to take a bigger position and chose a smaller one. Mentally I'm feeling a bit distracted. The VIX is still heading lower and remains short term oversold. Sometimes it can stay oversold for weeks and this looks like it could be one of those times. Three days left in the April option cycle and if my brain still works I'll be sitting on the sidelines. As much as I think the puts will work at some point this week, the technical signals that we are getting just are not working right now. We should have seen at least some kind of decent sell off by now if only for a day. But as always the market goes where it wants and knows much more than me. Europe and Asia were higher with the exception of India. We'll see what tomorrow brings.