Another week that starts off with a bang as the Dow gained 221 points on average volume. Advance/declines were over 4 to 1 positive. We have broken out to the upside from the consolidation of the past few weeks. Summation index to the upside. It's hard to argue with any of that. We are about at resistance though from the 200 day moving averages on some of the indices. I have an open order in for some OEX puts but it's a risky trade. I'd like to be short ahead of the employment report. We'll be short term overbought by Wednesday if this type of market action keeps up. Gold was flat and the XAU dropped 2 1/3. ABX and NEM were both off about a buck and GG lost over 2 1/2. Volume was pretty good to the downside. Perhaps the run up in the gold shares is finally coming to a close. Too early to know for sure. I'd like to perhaps still play them in the June cycle if they get oversold. Mentally I'm doing OK, slept well enough. Where do we go from here? It was a nice upside breakout today and I'd expect to see some follow through tomorrow. It really doesn't look like a market that you want to be short. However that could all change by the end of the week. We'll see what happens tomorrow.