New all time highs for the S&P 500 today as it broke above resistance.  The Dow gained 103 points on good volume.  The advance/declines were positive.  We did finish well off of the highs for the session.  However with the S&P breaking out on good volume, you have to consider it bullish.  There is no overhead resistance.  The summation index continues to the upside.  All we need now is for the Dow to get to new highs to confirm the TRAN new high of a month ago.  So it all looks like a continuing rally from the lows of February 1st.  GE was up 1/3 and the volume was good.  Perhaps the GE March calls of 25 or 26 should be the next trade attempt.  Still below the 50 day moving average here but the short term technicals have turned up.  Gold continued higher as well, up $14 on the futures.  The US dollar finished the day little changed.  The XAU was only up 1/3.  The gold shares are overdue for a rest.  ABX and NEM were up 1/4, while GG was flat.  Volume was light.  Mentally I'm feeling OK.  We've rolled into the March option cycle and the premiums are high.  I do not have any decent signals for a trade at the moment.  Todays upside with the good volume could be an exhaustion move higher but I don't think that it is.  We have to consider that possibility though because we came 50% off of the highs.  The action in the coming days will tell the story.  Gold and the gold shares are still very overbought here.  I'll be waiting for some type of pullback before trying the calls again here.  March is the historically poor month for the price of gold.  Patience is required.  We'll keep an eye on overseas developments ans take it from there.