A huge day to the upside as the Dow climbed 194 points on light volume. The advance/declines were 3 to 1 positive. Some good earnings reports but nothing really out of the ordinary. Coming off of the recent short term oversold condition. The question now is the recent decline done? I certainly don't have the answer but it could be. It is expiration week and the positive bias seems to be in effect. Today was also the last day to contribute to retirement plans due to the income tax deadline. We'll have to see if there is any upside follow through tomorrow. GE rose 3/8 on light volume. Earnings out on Friday. No trades there for now but the calls are looking good after todays action. Tomorrow is another day. Gold was pretty much flat on the day after selling off early. The US dollar was flat. The XAU rose 1 3/4. ABX up 1/2, GG gained 1/3 and NEM 1/8 higher. I tried to complete yesterdays ABX trade but the order was not filled. I'm leaving it in overnight. I'm still thinking that the calls are the way to go here and going out to May is the strategy. We'll see what happens. Mentally I'm feeling OK. The S&P 500 is trying to hang on at its 50 day moving average line on the daily charts. How that is resolved will probably let us know the near term market direction. The summation index is still heading lower but another day like today will reverse that. Hasn't happened yet. When gold sold off early today, the gold shares didn't follow. That could indicate positive action coming up for the gold stocks. Or not. I'm still a believer in getting long the gold shares here but I've been wrong before. Quite often this year with the gold shares as well. We'll see if the foreign markets follow us higher tonight.