I think we can say that the decline in the stock indices is over for now as the Dow gained 273 points today. Advance/declines were over 5 to 1 positive and the volume was average. The summation index should start moving higher here. That's not to say that there won't be some down days going forward, there will. But I think the trend is going to be sideways to higher here for the next month or so. I look for another drop in the autumn and that should be a good longer term buying opportunity. I'm leaving in the open order for the GE July calls in case we get a drop in the coming days. GE was up 1/3 today on light to average volume. Gold fell $5 on the futures and a bit more in the aftermarket. The XAU was up 2 1/2, following the overall market. ABX, GG and NEM all had fractional gains on light volume. The dollar fell pretty good today but it did not help the price of the precious metal. Perhaps the flight to safety trade is losing steam here with the stability in the stock indices. I canceled the June ABX call trade. I think that I will have to wait on the gold shares. Mentally I'm doing OK. We are right at the daily downtrend line in the stock indices. It looks like we will break through to the upside. If we continue higher I may attempt the OEX puts before expiration. We will have to get short term overbought and we are not there yet. I also think there is a chance that the volatility will slow down as we begin the summer. That will make the trading a lot tougher. But that's a guess. Let's see how we close the week tomorrow.