Zooming back to the upside as the Dow gained 216 points on good volume.  The advance/declines were better than 3 to 1 positive.  The summation index continues higher.  Good earnings propelled the market today.  We broke the recent down trend line in the S&P 500 today.  It really looks like a V bottom has been put into place.  My November OEX puts as now losers.  The probability of this trade returning to profitability is not good.  Although still short term overbought, todays action in the stock indices negates yesterdays decline.  We'll have to see how the week closes out tomorrow.  GE was up 1/4 on average volume but came well off of the highs for the session.  Trying to get through the 50 and 200 day moving averages here.  Gold was off $16 on the futures.  The US dollar had a slight gain today.  The XAU was up 1/3.  ABX and GG were little changed, while NEM shed over 1/2.  Volume was slightly above average here.  Earnings due soon for the gold shares and I don't see anything positive coming from that.  But who knows?  They are overdue for some type of rally.  Mentally I'm feeling OK.  It's been quite a rally off of the lows from last week.  It doesn't look or feel like a retest is in the cards this time around.  Longs are favored.  I'll probably hold the November OEX puts until the Fed meeting unless we see a sharp decline before that.  Doubt it.  Gold is stalling at the 50 day moving average.  The gold shares remain oversold.  I'm still considering the January gold share calls but would like to wait until after the earnings are reported.  We'll keep an eye on the overnight developments and close out the week tomorrow.