A blast to the upside to start the week as the Dow exploded for a gain of 259 points on light volume.  The advance/declines were almost 4 to 1 positive.  The summation index is moving higher.  North Korea has now cooled down and we rallied despite a devastating hurricane hitting Florida.  Short term overbought and staying that way.  The shorts got squeezed today and that was something that I was hoping for.  We hit new all time highs today for the SPY and it looks like there's more to come this week.  This is the potential set up for the SPY October puts in my mind.  I may purchase them at the end of the week.  GE did not participate in the rally and lost a dime on good volume.  If a huge rally in the overall market can't get this stock going, I don't know what will.  Gold dropped today and the US dollar gained.  The gold futures fell twenty bucks for its biggest one day drop in a while.  The XAU shed two points, while GDX lost 2/3.  Volume was good.  Mentally I'm feeling OK.  It looks like we are in a break out rally now as we'll see how many of the major indices follow the SPY to new highs.  I'm thinking that the positive expiration bias will remain in effect through Friday.  We may need to digest todays gains first before moving forward.  I'm still a believer in the SPY October puts and view this as run up before we see some legitimate downside.  I could be wrong.  We are however in a weak seasonal period.  The only thing that would change my mind here is if the RUT went to a new all time high.  It is lagging here and since it's usually the forerunner it's something to keep an eye on.  However I don't want to be married to the SPY October put idea because there's always the chance that this could be the speculative market upside blow off.  If that is the case we'll see a lot higher prices before a drop.  The game is never easy.  The overseas market saw good rallies overnight.  We'll see if the global rise has follow through tomorrow.