The Dow was up 293 points today on light volume.  The advance/declines were slightly positive.  The summation index is trying to move higher.  The overall market was weaker than the Dow.  Once again we have challenged the resistance at 2670 on the S&P 500 and once again we were turned away.  A break above there on good volume would leave no resistance all the way up to 2700.  But it just doesn't happen.  The NYA is right at its down trend line from the past two and a half months and can not get through.  The VIX has rolled back down but we aren't seeing the type of gains that constitute a legitimate rally.  On the plus side the TRAN had a good session and perhaps can break above its 50 day moving average.  GE was up about twenty cents on average volume.  Gold fell back over $20 on the futures as the US dollar was a bit higher.  The XAU and GDX had fractional losses on lighter volume.  Mentally I'm feeling a bit tired, did not sleep well.  I will most likely be dumping my SPY April calls tomorrow unless we see some kind of rip roaring 500 point rally.  I doubt that will happen.  This trade will be a big loser regardless.  Six days left in the April option cycle and I don't see myself making another trade in the next week or so.  My guess is that the sideways price action will probably continue.  We're still at the mercy of headline risk, so there is no need to put money to work immediately.  Earnings are coming up and although they're expected to be good there's always the possibility that the market will be more concerned with the guidance going forward.  The game is always a challenge.  I suppose we'll finish out the week tomorrow and take it from there.  Asia was lower and Europe higher in last nights trading action.  We'll see how things go on Friday.