We moved higher today as the Dow gained 65 points on average volume. Advance/declines were 2 to 1 positive. Moving off of oversold levels here. Perhaps we are sold out for the time being. Summation index still heading lower though. The Dow for now has held above the 50 day moving average. There is a chance that this could prove to be the beginning of a move to new recovery highs above 1340 on the S&P 500. I don't know. We will have to see how the rest of the week unfolds. GE was up 30 cents on good volume. Earnings are due on Thursday. Moving off of an oversold condition here as well. Gold gained a couple bucks today and touched $1500 for the first time. The XAU rose 3 3/4. ABX and NEM gained 3/4, while GG added almost a buck. Volume was light. The dollar reversed yesterdays strong gain. Not sure exactly what to make of that. I would like to own some ABX calls as we near the breakout level of $55. Once we clear that area, it is up, up and away for that issue in my opinion. ABX is currently at 54 1/4. It is something that I am looking at. Mentally I'm doing OK. The stock indices are holding up rather well here after Mondays very weak open. I think that fact that we haven't completely unraveled says something. The technicals are oversold and perhaps this is the beginning of something to the upside. That's a guess as usual and lately my guesses have been expensive. We'll see what happens tomorrow and go from there.