The rally continues as the Dow tacked on another 257 points on good volume.  The advance/declines were 5 to 1 positive.  The summation index is now moving higher with some steam.  The trend is up.  I'll be looking for a pullback to purchase some SPY March calls.  Of course it would have been nice to have held on to the February calls another day as the profit would have doubled.  Had I been willing to take a bit more risk with another day of holding, it would have paid off.  Hindsight is never wrong.  GE was up 1/2 on average volume.  At the top of the channel now, up against the 50 day moving average.  Gold was up a bit on the session.  The US dollar didn't have much of a change.  The XAU rose 1 1/2 and GDX was up about 2/3.  Volume was average.  Certainly due for a rest here.  Mentally I'm feeling somewhat disappointed for selling the SPY February calls yesterday.  But what can you do?  You have to keep moving forward.  Two days left for the February option cycle.  One thing to remember is that the longer term trend is lower now.  All rallies must be viewed in that context for now.  The short term trend is up.  Foreign markets continue higher as well as things are moving in tandem globally.  Oil is still bouncing around but doesn't seem to have the same effect that it recently has.  We'll keep an eye on what transpires overnight.