The Dow soared 153 points on expiration today. Volume was heavy and the advance/declines were 3 to 1 positive. The media is now talking about a melt-up. And who can argue that when we've been overbought and just continue to get more overbought. Thankfully I sat on the sidelines today and did not try any OEX puts. How long can it last? We'll see. Gold bounced back over $7 but the XAU could only gain a point and three quarters. The volume in the gold shares was nothing special. The XAU should be breaking out here with a strong market backdrop and the price of gold continuing to rise. I can't figure it out but I think we will be in for lower prices on the XAU going forward. Time will tell. The dollar was basically unchanged today but gold rose. So we have some crosscurrents going on in this market. Mentally I'm feeling fine. I did lose some money over the past week but it's not the end of the world and you've got to keep moving on. I don't have any short term trades on the horizon but will be checking the charts over the weekend. Right now it looks like the only way for the market to go is up. That can't last forever. We are breaking out to new highs on the Dow and new recovery highs on other indices. That fact, cannot be denied. Momentum is to the upside and makes the earlier drop this year seem like long ago. It's time for the weekend.